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
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 1:57:07 PM
Venezuela had the world’s largest proved oil reserves in 2014 ... production must go to specialized domestic and international refineries. The country’s most prolific production area is the Maracaibo basin, which contains slightly less than half ...
The American energy story Obama won’t tell the world
Reuters - 11/30/2015 7:09:05 AM
President Barack Obama is poised to repeat his history of weak-handed negotiations on the world ... countries gather in Paris on Monday to consider an international response to climate change. According to the president, rejecting the Keystone XL oil ...
More Russian oil drilling shows its resolve to OPEC
Economic Times - 11/30/2015 12:52:41 PM
MOSCOW: Russian oil firms are drilling more, showing the world's top crude ... the Petroleum Exporting Countries by ramping up output to new record highs this year despite low oil prices, which OPEC had hoped would depress production from higher cost ...
Oil prices down, but for how long?
The News-Gazette - 11/30/2015 6:54:46 AM
The incredibly complicated world oil market reflects a simple rule of economics ... Saudi Arabia angered fellow members of the Organization of Petroleum Countries by increasing production to maintain market share against non-OPEC members.
Oil Prices Rise on Expectations of Continued U.S. Production Drops
NASDAQ - 11/30/2015 10:29:31 AM
weekly production estimates suggest that the pace of declines has slowed in recent months. This is expected be a volatile week for oil prices, as traders wait for news from the Organization of the Petroleum Exporting Countries, the Federal Reserve ...
Oil Will Come Under More Pressure As Supply Will Continue To Far Exceed Demand
Seeking Alpha - 11/30/2015 2:08:26 AM
It has the third-largest oil reserves in the world, and is the top oil producer in the world as a standalone country. The idea it's going to cut back on production to appease OPEC or Saudi Arabia is wishful thinking. It has no interest in doing so ...
Iran mining bigger opportunity than oil
Mining - 12/1/2015 2:57:22 AM
Iran is ranked among 15 major mineral-rich countries with potential reserves worth more than $700 billion. As of 2011, Iran had the world’s 9th largest reserves of copper at 32.5 million tonnes even though production is only expected to reach 425,000 ...
Iran expects OPEC to keep production at current levels
The Vancouver Sun - 11/30/2015 5:57:30 AM
“Saudi and the other core OPEC countries have repeatedly stated that it is the high-cost producers that should reduce oil production in the world when the market is flooded with oil, not the low-cost producers,” Torbjoern Kjus, an analyst at DNB ASA in ...
Countries, investors pledge billions for clean energy tech
Tulsa World - 11/30/2015 7:59:12 AM
At least 19 governments and 28 leading world investors ... how much rich countries should invest to help poor countries cope with climate change, how much should be invested in renewable energy, and how much traditional oil and gas producers stand to ...
Vitol Joins Glencore Backing Libya's Tripoli Oil Company
Bloomberg - 12/1/2015 2:50:12 AM
Vitol Group and Litasco SA declared their support for Libya’s Tripoli-based National Oil Corp ... out of a production capacity of 1.6 million barrels, Sanalla said in an interview last week. The reduction in output has made the country into the smallest ...
Production insurance will protect shrimp industry investments
FIS - 11/30/2015 4:05:58 PM
The leader emphasized that, thanks to the work of the production chain members, the shrimp today has become a high quality product, which in 2014 generated USD 2,572 million, equivalent to 20 per cent in non-oil exports and generates more than 200,000 jobs ...
Oil gains ahead of central bank, OPEC meetings
Market Watch - 11/30/2015 11:05:19 AM
Oil prices have been sliding for over a year since the Organization of the Petroleum Exporting Countries opted to keep production high to protect market ... from various central banks from around the world this week. Expectations are high that the European ...
After Paris Attacks, Air Campaign Escalates Against Islamic State Oil Assets
Wall Street Journal - 11/30/2015 2:40:04 PM
The trade has included black-market sales in neighboring countries and barter deals ... airstrikes against Islamic State’s oil assets intensified as part of Operation Tidal Wave II, named after the World War II military campaign against Nazi oil assets.
UPDATE 7-Oil rises, traders take positions ahead of OPEC meeting
Reuters - 11/30/2015 3:12:52 AM
Preparing for Friday's Organization of the Petroleum Exporting Countries (OPEC ... level meeting with OPEC in mid-December. Russian oil firms are drilling more, latest data showed, underscoring the world's top oil producer is ready for a long fight ...
The Topsy Turvy New Reality for Oil ETFs
ETF Trends Setting The Pace - 11/30/2015 11:26:47 AM
The Organization of Petroleum Countries has kept up production to pressure high-cost rivals ... years before OPEC can effectively price out high-cost producers. [Oil ETFs Face World-Record Supply Glut] “According to Emad Mostaque, a strategist at ...