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
As cracks emerge in global oil pact, Saudis may need to compromise
Reuters - 10/27/2016 9:32:13 AM
SAUDIS "DESPERATE" FOR A DEAL An attempt to bring non-OPEC Russia, the world's top oil producer, into a cut deal was ... bpd - about 185,000 bpd higher than estimates of the country's September production by OPEC secondary sources. Riyadh has historically ...
Here’s why the Age of Oil could end in 15 years – and what that means
peakoil.com - 10/27/2016 3:01:30 PM
And other countries have only begun to adopt fracking. The oil shale rock formations responsible for the boom in U.S. production are widespread throughout the world. It’s estimated that Europe has more recoverable shale gas than the U.S. As countries ...
Oil Prices Waver, Rise in Turbulent and Complex Market
Voice of America - 10/27/2016 2:22:44 AM
Faltering U.S. oil production made it necessary to bring more crude oil into the country, and oil imports reached a six ... OPEC pumps about one-third of the world's petroleum, and news that OPEC members and some other major oil producers might agree ...
OPEC May Need Help to End the Global Glut of Oil
Bloomberg - 10/27/2016 1:46:56 AM
The Organization of Petroleum Exporting Countries aims to shrink the world’s bloated oil inventories with its first production cut in eight years, according to Secretary-General Mohammed Barkindo. Yet the bloc’s own data show that even the maximum ...
Crude oil lingers around $50 per barrel
The Hindu Business Line - 10/27/2016 6:47:35 AM
A cut is being pushed by Saudi Arabia, OPEC’s biggest producer, and it is being supported - at least by word - by Russia, not a member of the cartel but the world’s ... sparked fear in the oil industry that the country’s oil production could be ...
Offshore production nearly 30% of global crude oil output in 2015
technology.org - 10/26/2016 5:30:02 AM
In 2015, five countries provided 43% of total offshore oil production: Saudi Arabia, Brazil, Mexico, Norway, and the United States. Saudi Arabia. The world’s largest offshore producer has several large offshore oil fields including the Safaniya oil field ...
A “New Normal” for the Oil Market
blog-imfdirect.imf.org - 10/27/2016 3:15:49 PM
For one thing, shale oil production has permanently added to supply ... been driven by China and other emerging-market and developing countries. While China accounts for just 15 percent of world oil consumption, its contribution to oil demand growth ...
Producing Sustainable Palm Oil In Latin America – Analysis
Eurasia Review - 10/26/2016 4:32:46 AM
To boost consumers’ awareness, the World Wildlife Fund (WWF ... www.dw.com/en/europeans-urged-to-use-less-palm-oil/a-19520845 [ii] Index Mundi. Palm oil production by country in 1000 MT. http://www.indexmundi.com/agriculture/?commodity=palm-oil [iii ...
Crude Oil Review: Words Are No Longer Able to Make Prices Rising
fxnewscall.com - 10/27/2016 12:38:20 PM
Venezuelan President is touring the world with an offer to countries that ... tantamount to a declaration of bankruptcy. However, the countries outside the cartel will not voluntarily reduce oil production. Even Russia is not ready to cut production ...
Oil buoyed by reported USA stockpile draw, falling China output
perspectivabetica.com - 10/26/2016 5:44:21 AM
The World Bank raises its crude oil price forecast for 2017 to $ ... general of the Organization of the Petroleum Exporting Countries (OPEC), saying he is confident about the prospects of a planned production cut following an OPEC meeting on November ...
Oil down 1 percent on OPEC worry, offsetting U.S. inventory fall
Yahoo Finance - 10/27/2016 12:59:49 PM
NEW YORK (Reuters) - Oil settled down more than 1 percent ... whether the Organization of the Petroleum Exporting Countries (OPEC), which meets Nov. 30 in Vienna, will succeed in its planned production cut. "The focus point from here remains on the OPEC ...
Iraq Seeks Exemption from OPEC Production Deal on Islamic State War
NASDAQ - 10/27/2016 2:29:53 AM
"Iraq's request is quite problematic," said a Saudi oil official. "They cannot ask to be exempted because unlike the other countries they have been steadily increasing their output over the last few years and they have no excuse." The production-cut ...
Oil production cut to balance the prices; ‘worst of the oil crisis is over’ – Qatar’s energy minister
qatarscoop.com - 10/26/2016 10:23:31 AM
Recently this year, Al Sada said oil costs should have been around $65/barrel to allow governments to put more in securing the world ... for production, exploration, well development, transportation and offering. When oil prices fall globally, countries ...
OPEC May Need Help to End the Global Oil Glut
topix.com - 10/27/2016 12:45:30 PM
The Organization of Petroleum Exporting Countries aims to shrink the world's bloated oil inventories with its first production cut in eight years, according to Secretary-General Mohammed Barkindo.