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
UPDATE 4-Oil steady near $98, worries about oversupply weigh
Reuters - 9/19/2014 12:34:05 PM
OPEC's secretary-general responded to the price plunge, saying he expected the cartel, which pumps around a third of the world's oil, to reduce production next year ... which could be exacerbated as the country's refineries head into a maintenance season.
Oil drops towards $97 a barrel despite talk of lower OPEC output
Economic Times - 9/19/2014 7:19:07 AM
But OPEC's secretary-general responded to the price plunge, saying he expected the cartel, which pumps around a third of the world's oil, to reduce production next year ... which could be exacerbated as the country's refineries head into a maintenance ...
Lower oil production in Angola offset by growth of non-oil sector
Macauhub - 9/19/2014 10:32:23 AM
Lower oil production in Angola will have a smaller impact than expected impact on the country’s public accounts due to ... and more pessimistic than the World Bank, which expects the economy to grow by 5.4 percent. (macauhub/AO) The Helmsman ...
Deeper Saudi Oil Cuts Seen After Biggest Drop Since ’12: Energy
Bloomberg - 9/17/2014 8:18:45 AM
The world’s biggest crude exporter told OPEC last week ... Global oil demand growth this year will be the weakest since 2011, just as the U.S. shale boom means oil production from countries outside OPEC rises by the most since the 1980s, according ...
Oil Heads for Weekly Gain on Speculation OPEC May Cut Production
Businessweek - 9/19/2014 6:43:19 AM
Brent and West Texas Intermediate crude headed for this month’s first weekly increases as the Organization of Petroleum Exporting Countries considers cutting ... OPEC, supplier of about 40 percent of the world’s oil, may reduce its daily quota by ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
For perspective, the second-largest increase in oil production was recorded by the United Arab Emirates with a gain of 248,000 bpd over 2012, and Canada was the only other country in the world to record an increase of more than 200,000 bpd, at 208,000 bpd ...
Libyan PM seeks to reassert authority as oil production is hit
Reuters - 9/17/2014 6:41:31 PM
BENGHAZI Libya (Reuters) - Libya's acting prime minister sought to reassert authority over his turbulent country ... Libya's oil industry since heavy clashes broke out in the capital Tripoli in July. The field closure will bring down Libya's production ...
Boomtown: The State of U.S. Energy Production in 4 Charts
Wall St. Cheat Sheet - 9/17/2014 6:05:44 PM
Energy is the backbone of the American economy, and of the whole world, really ... along with the discovery of large oil reserves within the territory of the United States has allowed the country to evolve out of its status as an energy importer, and ...
Oil prices at two-year low. Why OPEC might change that.
The Christian Science Monitor - 9/18/2014 4:10:01 PM
the secretary-general of the Organization of Petroleum Exporting Countries (OPEC) says the group may cut its production target for 2015 because of an abundance of supply. The oil cartel accounts for around 40 percent of the world’s oil supply ...
Australia Oil Find Could Ignite Drilling Boom Off Country's Northwest Coast
International Business Times - 9/18/2014 2:44:07 PM
The country needs new oil sources to replace its quickly diminishing reserves from existing fields, the Wall Street Journal noted. Australian oil production in 2013 dropped ... Iron ore, one of the world's most fundamental commodities, sold off sharply ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
U.S. oil production up 10 percent year-on-year
United Press International - 9/18/2014 8:31:53 AM
The increase in U.S. crude oil production has generated debate over the durability of legislation enacted in response to the oil embargo from Arab members of the Organization of Petroleum Exporting Countries that limits crude oil exports from the United ...
Economic adviser for oil and gas industry defends 'fracking,' exploration boom
MLive - 9/19/2014 6:57:38 AM
GRAND RAPIDS, MI – Rayola Dougher, a senior economic adviser at the American Petroleum Institute, carries around printouts of her PowerPoint presentations showing how crude oil and natural gas production ... other sectors of the country push back.
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
OPEC Says World Will Need Less of Its Oil Next Year
Wall Street Journal - 9/10/2014 7:22:38 AM
In its monthly oil-market report, the Organization of the Petroleum Exporting Countries said it had revised estimated demand for its crude down by 200,000 barrels a day for 2015 and by the same amount for this year. As a result, markets will need 300,000 ...