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 Wars The Beginning of The New World Order
News Wire - 12/18/2014 10:43:10 PM
As long as the oil price exceeds cash production costs, which it does in all OPEC countries, they in fact have an incentive to increase production, Roger Andrews estimated. In the US, experts agree that almost all US shale oil production is economic at ...
North Sea could lose 15,000 jobs if oil continues to fall, warns Sir Ian Wood
Daily Telegraph - 12/19/2014 4:44:04 PM
Oil prices have nosedived to levels around $60 per barrel since the Organisation of Petroleum Exporting Countries, which controls a third of the world’s production, shocked markets in late November by not deciding to cut output in order to support prices.
EIA expects non-OPEC countries to grow faster than OPEC countries
Market Realist - 12/18/2014 4:38:06 PM
In 2013, OPEC crude oil production averaged 29.9 MMBbl/d. Higher production in non‐OPEC countries will slow down OPEC production in 2014 and 2015. OPEC accounted for 40% of total world crude oil supply in 2013. OPEC has 12 member countries, including ...
Angola: Retrospect 2014 - Block 17 Boosted Country's Oil Production
AllAfrica - 12/19/2014 1:45:07 PM
In reaching the average 1,7 million barrels/day, the country's hydrocarbon sector reached equal level of production of 2012 and 2013 ... not come true due to steep fall in the crude oil prices on the world market. That has been a price fall that has ...
Saudi Arabia Says Hard for OPEC to Give Up Oil-Market Share
Businessweek - 12/18/2014 4:23:47 PM
if not impossible” to give up market share by cutting crude production, the country’s oil minister said. Global oil markets are experiencing “temporary” instability caused mainly by a slowdown in the world economy, Oil Minister Ali Al-Naimi said ...
Consumers or producers: who wins oil game?
Azer News - 12/19/2014 6:17:08 PM
... oil prices are helping the U.S. economy and are unlikely to lead to a reduction in production at the country's shale oil fields. Russia is one of the world's largest oil producers, and its economy heavily depends on energy revenues, with oil and gas ...
Oil Supply Is Up, Forcing Oil Prices To Drop
Yahoo Finance - 12/19/2014 3:03:51 PM
Increase in production in other countries – Oil supply is high due to an ... The non-OPEC production growth has been outpacing the growth in world consumption for oil, as you can see in the graph above. The increase in oil supply, when contrasted ...
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.
Special Report: Depleted oil field is window into China's corruption crackdown
Reuters - 12/19/2014 6:21:18 AM
The group is one of the world’s biggest corporations ... THIS IS CRAZY' Indonesia’s anti-graft watchdog told Reuters last month that it plans to probe the country’s oil sector. Satoto Agustono, director of development at Pertamina EP, a unit of ...
Why oil is down by half, what it means for you
Rushville Republican - 12/19/2014 6:57:05 AM
Since 2008 oil companies in the U.S., for example, have increased production ... last week that the world would need 28.9 million barrels of its oil per day next year, the lowest in more than a decade. At the same time, OPEC countries plan to produce ...
The countries slammed worst by plunging oil prices
CNBC - 12/6/2014 11:44:31 AM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
OPEC won’t act to halt falling oil prices, says chief
The Star - 12/14/2014 4:28:32 PM
Speaking at a forum in the Gulf commercial hub of Dubai, Abdullah al-Badri said continued investment by Gulf nations will help prevent a shortfall in oil supplies once demand picks back up. Increased production by non-OPEC countries is adding to world ...
Gulf Oil Ministers Defend OPEC Output Stance
Wall Street Journal - 12/18/2014 1:53:27 PM
Rising oil production from nonmembers of the Organization ... What we are facing, and the world is facing is a temporary situation. The world economy, especially the economies of the emerging countries, will return to grow steadily and subsequently demand ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
The Conventional Wisdom On Oil Is Always Wrong
Five Thirt Eight - 12/18/2014 9:02:57 PM
Would post-Saddam Iraq ever return to the ranks of the world’s great oil producers ... pulling back production. Tumbling prices are wreaking havoc on Russia’s economy, and they could easily lead to political unrest in other countries as well.