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, 2012See also: Oil - production map
The Most Expensive Place in the World for Oil Companies
The Motley Fool - 5/25/2013 4:07:48 PM
Unfortunately, however, Australia's economy is highly leveraged to China's ... growth deteriorates over the next few years -- as I argued last year it probably will-- Australia's decades-long resource boom could come to a screeching halt.
US boom transforming global oil trade
WOOD - 5/22/2013 10:16:26 PM
The chief impetus for the changing world oil picture is the increase in production ... difficult decisions if new supplies from non-OPEC countries push prices lower. The group restricts production by its members in order to keep global oil ...
With U.S. Awash in Oil, Keystone Argument Weakens
Bloomberg - 5/23/2013 7:09:07 PM
"A country that 150 years ago served as the cradle of the oil industry, but which for decades seemed to face an irreversible production decline, now finds itself, all of a sudden, at the center of an oil boom," said Maria van der Howeven ...
Chevron Can Bubble To $145 On Improving Production Outlook
Forbes - 5/23/2013 5:07:26 PM
Chevron’s ongoing large scale natural gas projects in Australia are expected to boost its production by more than 20% by 2017. Crude oil prices seen rising at a much slower rate going forward due to increasing non-OPEC production led by the U ...
EIA: US oil production to jump 25%
MENAFN - 5/22/2013 11:56:38 PM
World oil supply is seen surpassing demand growth over the next two years, however, forcing the Organization of the Petroleum Exporting Countries (OPEC) to curb production, the EIA said. Non-OPEC production is forecast to increase by 1.4 million bpd in ...
Oil and pipelines driving Canada's economy
United Press International - 5/24/2013 10:11:04 AM
QUEBEC CITY, May 24 (UPI) -- Natural resources form "one of the cornerstones" of the Canadian federal and provincial economies, Natural Resources Minister Joe Oliver said. Canada is the one of the Top 10 oil producers in the world. The Canadian ...
Chevron's Upstream Production Outlook Supports $145 Value
Seeking Alpha - 5/23/2013 3:27:13 PM
We recently revised our price estimate for Chevron (CVX) to near $145. Our valuation adjustments were primarily based on the positive upstream production outlook as well as stable long-term growth seen in crude oil and natural gas prices. Chevron generated ...
Oil Search Ltd. Seen Tempting Largest Asia Energy Deal: Real M&A
Businessweek - 5/23/2013 1:22:32 AM
The fastest revenue growth in the oil industry is putting Papua New Guinea’s Oil Search Ltd. (OSH) in line for another record -- Asia’s largest energy takeover. The company’s liquefied natural gas venture with Exxon Mobil Corp. (XOM ...
What if the world has an endless supply of oil?
American Public Media - 5/24/2013 6:10:40 PM
So you have these famous examples like, in California, where just north of Los Angeles there's the Kern River oil field ... it makes the transition to solar, to wind, the other kinds of non-carbon energy much more difficult.
American energy independence: the great shake-up
The Boston Globe - 5/26/2013 4:39:25 AM
As this has happened, the high cost of global energy has ... than it did in the oil-shocked 1970s. For one thing, the energy market is a linchpin of the world order, and any big shift is likely to have costs to stability. Some analysts have ...
Whatever Happened To Libyan Oil? For Western Oil Giants, The Crude Is Sweet But China And Russia May Get The Biggest Taste
International Business Times - 5/25/2013 2:31:45 AM
Photo: Reuters/Esam Al-Fetori A security officer walks past a gas pipeline after an explosion south of the city of Ajdabiyah on April 3, 2013. When Western forces intervened in the Libyan revolution two years ago, it was the first time the U.N. had ever ...
Khartoum denies blocking South Sudan oil flow
Sudan Tribune - 5/22/2013 5:27:06 AM
South Sudan’s Petroleum and Mining Minister Stephen Dhieu Dau (3rd R) applauds as he restarts oil production in the main oil field in Palouge, after a 16-month shutdown on May 5, 2013 (Reuters) In statements to the official news agency, SUNA, Al-Jaz said ...
Oil sector not yet ready to apply cabotage rule
Jakarta Post - 5/23/2013 5:40:14 AM
the Energy and Mineral Resources Ministry predicted the rule would cut the oil production by 156,000 bpd. In the first three months of this year, Indonesia, which once reached a peak output of 1.6 million bpd in 1995, saw its average oil ...
Research and Markets: Libya Exploration and Production (Upstream) Market Analysis and Outlook to 2020
Yahoo! Finance - 5/23/2013 1:18:22 PM
Key strategies and operations of each of the major Exploration and Production companies in the country are analyzed in detail.. It updates the major deals and events in the industry from 2011 to 2012. Country oil and gas Production Forecast to ...
The Guardian: Libya's Revolt Squeezing World Oil Supplies
MENAFN - 5/21/2013 11:57:50 PM
Of this 4mbpd reserve capacity, about 1mbpd has been taken out by ... coal-bed methane or deepwater drilling as they search for new sources of hydrocarbons. National oil companies are also flush with cash because of high prices, and increased spending ...