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
Key Oil Producers Fail to Agree on Production Cuts
Big News Network - 11/25/2014 7:42:51 PM
The 12-nation OPEC cartel, including Saudi Arabia and Venezuela, supplies about a third of the world's oil, while Russia and Mexico, which are not OPEC members, are key producers. Some countries are pressing Riyadh to cut its production to support global ...
The 5 Fastest-Growing Countries in the World
The Motley Fool - 11/24/2014 2:11:47 AM
The fastest-growing country among the world's 80 largest economies, Libya, has struggled to emerge from its 2011 civil war and overthrow of former leader Muammar Qaddafi. The energy-dependent nation has since worked to ramp up oil production, but ongoing ...
Russia to control annual oil production to help stabilise market
Net India 123 - 11/24/2014 9:24:16 PM
... that it is highly impossible for the OPEC countries to agree on oil production cuts. OPEC members will meet in Vienna Thursday to discuss whether the organisation, which pumps a third of the world's crude, would cut its production. So far OPEC members ...
Oil industry plays OPEC guessing game, tries to divine motivations for possible action
Newstalk 1010 - 11/25/2014 8:40:07 PM
Russia is not an OPEC member but is among the world's top three producers. It needs high oil prices to fund its government. — Venezuela, Iran and Iraq — countries in difficult financial shape — want OPEC to cut production quickly and sharply to force ...
OPEC Said to Consider Sparing Three Nations From Oil Cuts
Businessweek - 11/25/2014 2:03:26 AM
Russia’s energy minister said yesterday his country hasn’t decided to cut oil production as he prepares to meet with ... Envoys representing Iran and a group of world powers agreed yesterday to extend nuclear talks until July after failing to overcome ...
Saudi, Russia pre-OPEC talks yield no oil output cut
Reuters - 11/25/2014 11:31:55 PM
"What is going to happen of course is that it (low prices) will have an impact on the global oil supply," he said, apparently referring to a possible longer-term drop in output in countries where oil production ... Iran and six world powers agreed to ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
Modi to Abe Favor Oil Bears as Price Plunge Aids Asian Economies
Bloomberg - 11/25/2014 9:51:42 PM
Not only will unchanged OPEC production help India and Japan, which buys all of its oil from overseas, it will also lower prices of natural gas imports for these two countries. South Korea, the world’s No. 2 LNG importer, will also benefit. The price of ...
OPEC, non-OPEC oil producers agree 'price is not good'
Channel News Asia - 11/26/2014 12:57:49 AM
The meeting came two days before the Organisation of Petroleum Exporting Countries was to hold ... on whether to cut the cartel's oil production to help stabilise tumbling prices. OPEC pumps out about one-third of the world's oil while Russia is itself ...
Freefall of global oil price
Punch - 11/24/2014 9:17:06 PM
Nigeria, an oil producing country, plans a coal-fuelled power generating plant ... Iraq (excised out of conquered Turkey by Britain) has the second largest oil production in the world, and… is very easily accessible and cheap. If you control Iraq ...
Top 10 Countries the U.S. Owes Its Energy To
explorationworld.com - 11/25/2014 6:06:49 AM
During that same period of time, U.S. crude oil production spiked dramatically from ... that doesn’t leave plenty of variables out, so Exploration World look at a specific portion of the countries being affected. These are the countries that supplied ...
UPDATE 3-Oil steady below $80 ahead of OPEC output decision
Reuters - 11/25/2014 5:59:39 AM
Several OPEC members want the group to cut production dramatically ... is likely to show that the country's GDP increased at a 3.3 percent annual pace. But a gradual slowdown in China, the world's biggest energy consumer, weighed on oil.
Oil Drops as Producers Fail to Deliver Output Pledge Before OPEC
Yahoo Finance - 11/25/2014 8:11:29 PM
Bear Market Crude prices plunged into a bear market this year amid the highest U.S. oil production in more than three ... The Organization of Petroleum Exporting Countries, supplier of about 40 percent of the world's oil, will meet in two days in Vienna ...
Pre-OPEC talks fail to reach agreement on oil output cut
France 24 - 11/25/2014 9:44:33 PM
“What is going to happen of course is that it (low prices) will have an impact on the global oil supply,” he said, apparently referring to a possible longer-term drop in output in countries where oil production ... Iran and six world powers agreed ...
Oil in Asia traded for mixed prices ahead of key OPEC meeting
presstv.com - 11/25/2014 9:20:05 AM
Russia, a main producer of oil, alongside some OPEC countries such as Ecuador and Venezuela are planning to slash their crude oil production in a bid to stabilize crude prices. OPEC countries supply about 40 percent of world’s oil.