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
Mystery: How much more oil can the Saudis really pump?
CNN Money - 5/25/2016 2:23:25 PM
If Saudi Arabia is near its production limit, that would mean the country has little room to respond ... For instance, the Ghawar field -- the world's largest with an estimated 75 billion barrels of oil -- is over 60 years old. Skeptics point to the ...
Rebel Group The Niger Delta Avengers Threatens One of World's Largest Oil Supplies
ABC News - 5/25/2016 2:52:03 PM
The group has threatened to shut down the West African nation’s production of oil and gas if its demands are not met. The Niger Delta Avengers’ attacks on the region have led to Nigeria’s oil output plummeting by nearly 40 percent, the country’s ...
Why OPEC's Spare Crude Production Capacity Is Almost Irrelevant
Seeking Alpha - 5/25/2016 6:30:58 AM
The combined total of oil production outages around the world this month is about 3.4 million barrels ... In the event of a serious supply disruption, countries can elect to draw down their strategic petroleum reserves (SPRS). There are about 1.4 billion ...
U.S. leads globe in oil production for third year
Claremore Daily Progress - 5/25/2016 3:49:19 PM
The U.S. led the world last year in producing both oil and gas ... Government estimates show that crude oil production has continued to grow across the country, from nearly 8 million barrels of oil per day in 2008 to about 15 million in 2015.
U.S. remains world's top producer of hydrocarbons in 2015, EIA reports
bilbaoya.com - 5/25/2016 3:03:23 AM
In the United States, crude oil and lease ... levels for the world's three largest petroleum producers. "STEO publishes a production forecast for Middle Eastern members of the Organization of the Petroleum Exporting Countries (OPEC) as a whole rather ...
Oil nudges $50 a barrel as investors bet on shrinking overhang
Reuters - 5/25/2016 5:19:23 AM
A series of outages around the world ... and still oil is up, so it's definitely about oil fundamentals, rather than tailwinds from equities and currencies," he said. Strikes across France that crippled output from most of the country's eight refineries ...
ExxonMobil CEO: ending oil production 'not acceptable for humanity'
The Guardian - 5/25/2016 7:24:04 PM
Shareholders win vote that could support board candidates concerned about climate as Rex Tillerson faces turbulent annual meeting Rex Tillerson, the boss of oil giant ExxonMobil, said cutting oil production ... world’s energy demands by 2040, even if ...
Chevron-led Consortium to Invest Up to $37 Billion in Kazakh Oil Field
The Wall Street Journal - 5/25/2016 6:12:29 PM
ASTANA, Kazakhstan— Chevron Corp. CVX 1.58 % and its partners agreed to invest up to another $37 billion to increase output at a Kazakhstan oil field that is among the world’s most expensive, the country ... clear plan for oil production growth ...
Brent oil prices drop as Iran plans for no freeze in production
Cinema Blaze - 5/25/2016 9:15:37 AM
In April, Nigeria's production ... Exporting Countries, said Tim Evans, a Citi Futures analyst. At around 1100 GMT, US benchmark West Texas Intermediate for July delivery was down 20 cents at $47.88. Despite a recent rebound, world crude prices are still ...
Rebel Group Threatens One of World’s Largest Oil Supplies
Beatrice 1450 KWBE - 5/25/2016 8:14:11 PM
the Niger Delta — a top oil-producing region in sub-Saharan Africa and the world. They have successfully targeted major platforms belonging to Shell and Chevron in the past few weeks, and their attacks have driven the country’s oil output to a near 22 ...
Venezuela Crisis 2016: Coca-Cola Sugar Shortage Latest Blow To Big Companies Operating In Country On Brink Of Collapse
International Business Times - 5/25/2016 1:47:38 PM
Reduced production of basic goods, including pre-cooked cornmeal and cooking oil, is adding to a broader shortages ... Venezuela now sits above only South Sudan, Libya and Eritrea as the worst country in the world for doing business, the World Bank said ...
World shouldn't count on $100 crude coming back, Norway says
Union-Bulletin - 5/25/2016 3:13:32 PM
The oil market is rebalancing ... the industry in more than 20 years. After crude production dropped by half since a 2000 peak and as exploration results hit an almost 10-year low in 2015, the Nordic country is betting on the Barents Sea to help it ...
Rebel Group 'The Niger Delta Avengers' Threatens One of World's Largest Oil Supplies. Las Vegas Blog
Las Vegas NV Blog - 5/25/2016 7:52:42 PM
the Niger Delta — a top oil-producing region in sub-Saharan Africa and the world.They have successfully targeted major platforms belonging to Shell and Chevron in the past few weeks, and their attacks have driven the country’s oil output to a near 22 ...
Oil prices little changed as dollar gains, US drawdown seen
Comment - 5/25/2016 8:49:58 PM
According to Russian Energy minister Alexander Novak on Friday, world oil ... rising production from major exporters, and as the dollar strengthened. All but 1 of 27 analysts surveyed by Bloomberg said the Organisation of Petroleum Exporting Countries ...
Nigeria should act with caution in oil-producing Delta – State Governor
Financial Express - 5/25/2016 10:48:40 AM
President Muhammadu Buhari has heightened the military presence in the oil-rich southern region where attacks in the last few weeks – mostly claimed by a group calling itself the Niger Delta Avengers – have driven the country’s oil output to a more ...