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
Why Are OPEC Countries Abandoning Oil Consumption?
Daily Finance - 5/17/2013 1:43:58 AM
The first thought that comes to mind with OPEC is oil. This collection of countries is responsible for over 40% of all oil production around the world. For many of these countries, oil is far and away the largest source of governmental revenue. In Saudi ...
US boom transforming global oil trade
WOOD - 5/22/2013 10:16:26 PM
Overall, global demand is expected to rise 1.2 percent per year over the next five years. While the IEA report doesn't address the oil market after 2018, it does suggest that the technology that helped lead to a boom in oil production in the U.S ...
Oil flow shifting direction
Durango Herald - 5/19/2013 6:35:05 AM
Americans created the world oil market more than a century ago ... If prices fall, however, members could be asked to cut production at a time when those countries desperately need oil revenue to fund domestic programs. “Pressure on OPEC is going ...
Oil production starts offshore Vietnam
United Press International - 5/21/2013 9:38:50 AM
CALGARY, Alberta, May 21 (UPI) -- Canadian company Talisman Energy said it expects to produce 15,000 barrels of oil per day from its newly launched development offshore Vietnam. Talisman said it started oil production at the offshore Hai Su ...
OIL MARKET IS BEING RESHAPED BY U.S. BOOM
Utsandiego - 5/19/2013 12:04:22 PM
The chief impetus for the changing world oil picture is the increase in production in the U.S. The U.S. created ... “It will affect relationships between countries. Most leaders believe they have to be nice to whoever they buy their oil from,” says ...
US shale forcing Saudi Arabia to cut oil production
fuelfix.com - 5/22/2013 2:59:46 PM
The prediction is in line with a report from the International Energy Agency, which said last week that most of the world’s new oil production over the next five years would come from outside OPEC. South Texas boom: Eagle Ford barrels hit ...
World eyes Gulf nations as demand for oil grows
Gulf News - 5/19/2013 11:53:02 PM
The latest and most up to date products, services and technology for oil and gas exploration, production, processing, maintenance, new refining will be required more in this region than anywhere in the world. Adipec is already established as one of the ...
When oil forecasts get it wrong
The Christian Science Monitor - 5/20/2013 9:43:00 PM
The point is not that there is no exploitable tight oil or shale gas outside the United States ... known deposits and extract commercial quantities of oil and/or natural gas. The reality is far different. Even in the United States--the center ...
World Steel Association : April 2013 Crude Steel Production May 21, 2013
4-traders - 5/21/2013 1:56:32 PM
Brussels, 21 May 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes (Mt) in April 2013, an increase of 1.2% compared to April 2012. China's crude steel production ...
Oil Pipelines to Drive Canada Economy Like 1880s Railroad
Bloomberg - 5/22/2013 8:00:25 PM
Oil pipelines, under attack from environmentalists, are essential to Canada’s economic growth just as railroads were in the 1880s, Enbridge Inc. (ENB) Chief Executive Officer Al Monaco said. “Pipelines are very similar to railroads ...
Khartoum denies blocking South Sudan oil flow
Sudan Tribune - 5/22/2013 5:27:06 AM
He said the country’s oil production, in recent days, fell to just 105,000 barrels per day, from the 200,000 previously produced daily. “We suspected there was something wrong and that’s why we asked the Chinese envoy to meet us over the ...
Afghanistan to start first commercial oil production in July
pakistantoday.com.pk - 5/20/2013 1:40:25 AM
Shahrani quoted by ABC News said, the oil production will eventually supply oil domestically in a bid to prevent oil import from outside the country. In the meantime Australia has pledged to provide training opportunities for the Afghan mines officials in ...
DAWN Group - 5/20/2013 3:13:28 AM
US gold futures for June fell 2.1 per cent to $1,394.60 an ounce. In the Singapore market ... Premiums for gold bars rallied to all-time highs in Hong Kong – China’s main source for gold imports – after bullion’s steepest drop since ...
Oil sector not yet ready to apply cabotage rule
Jakarta Post - 5/23/2013 5:40:14 AM
Indonesia, a former member of the Organization of the Petroleum Exporting Countries (OPEC), may experience a further decline in its crude oil production as the exemption for oil and gas vessels from the cabotage rule is set to expire in 2015, a ...
What Strong Dollar? US Boom Provides Oil Hedge
CNBC - 5/20/2013 5:10:59 PM
The energy boom in the world's largest economy is providing a shock absorber for major U.S. oil companies, helping to hedge a strong dollar as the increase in domestic production buffers them from from currency volatility that can pinch earnings.