Definition: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: Oil - production map
Oil production tug of war looms between OPEC and U.S.
CBC - 2/24/2017 9:54:33 AM
This is borderline shocking given that the Organization of Petroleum Exporting Countries is well known ... mark because of concerns about U.S. production and the sheer amount of oil being held in storage around the world. "The oil market is still not ...
Russia Is Now The World’s Top Crude Oil Producer – Not Saudi Arabia
trueactivist.com - 2/23/2017 6:35:18 AM
By: RT Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million ...
Saudi Arabia News: Foreigners Leaving Country Over Low Oil Prices And High Taxes
International Business Times - 2/24/2017 3:16:40 PM
Foreigners have begun an exodus from Saudi Arabia as the oil ... around the world including the West and South Asia. A drop in oil prices and production cuts mandated by a recent deal among members of the Organization of Petroleum Exporting Countries ...
Crude Oil: OPEC, Russia And Allies Together Cut Production In January By 86%
fxnewscall.com - 2/24/2017 9:57:32 PM
The level of compliance with crude oil production cuts of OPEC and countries outside the cartel ... According to Goldman Sachs analysts, the world’s crude oil reserves will continue to decline... Gold bulls behave as if they do not believe in the ...
Global Crude Oil Rebalancing And The Producers’ Accord
talkmarkets.com - 2/21/2017 5:26:05 AM
It is really no secret that some OPEC countries have often violated their production quotas with little or no effective sanctions applied. A report by World Oil for example, showed that even with a supply reduction agreement in place, crude oil shipments ...
Chinese Import Data Suggests OPEC Is Lying About A Production Cut
zerohedge.com - 2/24/2017 1:26:19 AM
the world’s largest oil importer. In fact, quite the contrary: crude oil shipments from the 11 OPEC nations committed to a 1.2mbd output cut increased by 28% yoy, and more importantly, rose 4% from December 2016 - in a time when production was supposed ...
Innovative new world map ranks the countries according to toxicity level
hexapolis.com - 2/24/2017 4:06:47 PM
Topping the list as the world’s most toxic country is Saudi Arabia, which might not come as a surprise as it has the highest air pollution levels anywhere in the world. According to the report, its oil-rich neighbors, including Kuwait, Bahrain ...
Oil & Gas Kenya 2017: Shaping the Market of One of the World’s Cheapest Oil Producers
PR.com - 2/24/2017 3:09:31 PM
This puts oil production in Kenya among the cheapest in the world, beating those of major regional exporters ... this translates to huge profit margins for oil firms in the country. This also highlights the good returns on investment on offer in Kenya ...
US turns into 'oil nation' with record exports
m.moneycontrol.com - 2/24/2017 7:02:45 AM
The Oil Producing and Export Countries and non-OPEC producers, like Russia, agreed to cut about 1.8 million barrels a day from the world market in an effort to stabilize oil prices. This is in contrast to a previous failed strategy to let the market set ...
North American Oil Independence
Seeking Alpha - 2/24/2017 11:56:14 AM
Imports from Canada and Mexico exceeded net oil imports. Crude oil exports rising ... The U.S. has become the third largest petroleum exporting country in the world and is not a party to OPEC's cutback. U.S. crude imports from OPEC, in total, and Saudi ...
How Nigeria can achieve 40 billion barrels crude oil reserves by 2020 - NNPC boss
World Stage - 2/24/2017 2:16:25 AM
WorldStage Newsonline-- The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has explained that the country ... production capacity per day year-on-year, for it to achieve the 40 billion barrels of crude oil ...
Iran among world’s top economies by 2050
theiranproject.com - 2/21/2017 4:38:58 PM
Press TV- A recent study shows that Iran will be among 32 most powerful economies in the world by 2050 ... that serious plans have been devised to increase the country’s oil production to as high as 5 mb/d over the next few years – what is expected ...
Oil prices move down as U.S. crude inventories rise for seventh week
mobile.bignewsnetwork.com - 2/24/2017 3:02:21 PM
The United States, however, is not part of the deal and continues to increase its production, exporting a record amount of crude oil - crossing a million barrels a day for a second week and filling the gap in world markets created by OPEC's cut in output.
Bizarre Oil Trades Pose Menace for OPEC in Its Prized Market
Bloomberg - 2/24/2017 8:50:07 AM
Its recent volte-face has left it contending with additional threats in the world’s biggest oil market. These and several other unusual shipments signal the price the Organization of Petroleum Exporting Countries ... lost to OPEC production restraint ...
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
thewashingtonstandard.com - 2/22/2017 4:23:28 PM
(RT) Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million barrels per ...