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
Oil Climbs as U.S. Crude Output Slips First Time in Two Months
Bloomberg - 4/1/2015 4:36:27 PM
“There’s no doubt that the pace of U.S. oil production is going to slow ... The Organization of Petroleum Exporting Countries, the 12-member group supplying about 40 percent of the world’s oil, produced 31 million barrels a day in March, according ...
What If An Oil Rebound Never Comes?
Oil Price - 4/1/2015 3:39:11 PM
Iraq, a war-torn country rife with insecurity and political gridlock, is expected to account for 50 percent of the growth in oil production that is needed in the 2020s. “We now have a problem,” IEA Chief Economist Fatih Birol said at a February ...
Why $30 a Barrel Oil Is Unlikely
The Wall Street Journal - 4/1/2015 10:31:23 AM
The problem is that most of the shale oil production that is being added has break-even costs above $50 a barrel. This is a number supported by many energy analysts, and also attested to by the drastic drop in drilling rigs and the steep cuts in capital ...
The Oil Price Riptide: What Investors Need To Know
Seeking Alpha - 4/1/2015 12:22:55 AM
Many oil producing countries view this Saudi action as waging ... The Saudi action was followed by another world destabilizing event. Saudi Arabia increased oil production to the maximum and lowered prices to favored market buyers to insure that they ...
Oil Prices: Wind Of War And Peace Or Manipulation Of Oil Giants?
investing.com - 4/1/2015 8:08:13 AM
A barrel of oil is among the most traded commodities in the world and as one ... with the oil companies the pace of oil production and thereby to control the commodity's price and to assure that the member countries will receive more money for the oil ...
Oil to drop if Iran nuclear deal is reached
Gulf News - 3/31/2015 5:13:26 PM
Iran has the world’s fourth-largest proven oil reserves after Saudi Arabia, Venezuela and Canada. The country’s oil production has declined over the years due to international sanctions imposed by the US and other western countries over its ...
Oil drops to $55 as Iran nuclear talks intensify
Business Recorder - 3/31/2015 4:51:57 PM
LONDON: Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase ... due to rising U.S. shale production. "If the flood gates ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
The Hidden Effects of Cheap Oil
The Atlantic - 3/31/2015 2:35:57 PM
The new price created new global economic powers: oil-producing countries primarily ... put it, “The world should ‘settle in’ for a period of relatively weak oil prices. U.S. shale production is more resilient than many people had expected and ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
Emirates NBD release OPEC oil update
CPI Financial - 4/1/2015 11:57:17 AM
According to our data, Iraqi production is now at a record ... possibilities of investment flowing into the country’s under-developed energy industry, as Iran possesses the world’s fourth largest proven oil reserves and largest stock of proven gas ...
Dwindling crude prices: Hard knocks on shale oil development
The Guardian - Nigeria - 4/1/2015 10:31:23 AM
However, the Energy Information Administration (EIA) recently revealed that only four countries in the world have produced fracked ... to high costs and a potentially sustained low oil price, a drop in production can be expected to follow, possibly by ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 1:22:33 AM
Oil-rich countries are increasing production to keep up with increasing demand around the world, especially in the emerging economies. Let's take a look at some nations that are witnessing biggest gain in production. Image: A taxi driver fills his cab at a ...
Republicans warn world that Obama U.N. plan could be undone
Yahoo News - 3/31/2015 11:18:30 PM
WASHINGTON (Reuters) - The Obama administration's plan for U.N. climate change talks encountered swift opposition after its release Tuesday, with Republican leaders warning other countries ... vehicles, oil and gas production and buildings.
How Will a Nuke Deal Affect the Price of Oil?
The American Spectator - 4/1/2015 8:01:03 AM
The Iranian production will represent a doubling of the current oversupply vs. world demand and will put additional ... prices could serve as a death knell to America’s oil abundance (not to mention countries, such as Venezuela, that depend on oil ...