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
US oil stockpiles hit record amid production boom
Yahoo News - 4/23/2014 7:19:51 PM
... oil stockpiles hit a new record last week on the strength of continued growth in oil and gas production in the world's biggest oil-consuming country. Commercial stocks rose 3.5 million barrels to 397.7 million barrels for the week ended April 18 ...
Challenges Lie Ahead for North American Oil Production
New York Times - 4/22/2014 10:24:10 AM
Canada’s oil sands have vaulted the country to energy superpower status ... been in decline as an oil producer in recent years, Canadian production has soared. The biggest oil find in the world last year occurred in deep waters off the coast of Newfoundland.
In Russia, World’s First Ice-Resistant Oil Platform Starts Production
Think Progress - 4/21/2014 5:06:13 PM
“this is, in fact, the beginning of our country’s enormous work on oil production in the Arctic.” Gazprom is a giant Russian energy company responsible for about 10 percent of the country’s GDP. Russia has already invested over $4 billion in ...
Oil prices fall after US stockpiles hit record high
Channel News Asia - 4/23/2014 8:45:45 PM
... fell on Wednesday as US commercial crude-oil stockpiles hit an all-time high on the strength of production in the world's biggest oil-consuming country. New York's main contract, West Texas Intermediate (WTI) for delivery in June, fell 31 cents on ...
Russia opens oil sluices in Arctic as rickety Prirazlomnaya platform begins production
Bellona - 4/23/2014 10:01:30 AM
Russia’s controversial Prirazlomnaya oil platform, the world’s first effort at commercial ... “This is, in fact, the beginning of our country’s enormous work on oil production in the Arctic.” Gazprom said in a statement that the first shipment ...
Dawn - 4/21/2014 3:01:32 AM
China the world’s second largest economy and oil ... rebels seeking greater autonomy continued to take their toll on the country’s oil sector. Saudi Arabia also reduced its crude production by 81,000 barrels/day to 9.7m barrels daily in March.
OPEC oil output drops; cartel lowers 2014 forecast
Market Watch - 4/10/2014 11:42:49 AM
the cartel of some of the world’s biggest oil producers said Thursday. Production by the Organization of the Petroleum Exporting Countries, which supplies more than a third of the oil consumed globally each day, fell by over half a million barrels a day ...
East Africa: Global Oil & Gas Export Hub by 2020?
Rigzone - 4/21/2014 4:01:47 PM
East Africa could become the world’s next oil and gas export hub by 2020 ... Recent developments in the exploration and production industry in three East African countries – Kenya, Mozambique and Tanzania – have laid a possible foundation for ...
Impact of dramatic increase in US Shale Oil production
Commodity Online - 4/22/2014 10:38:29 AM
US domestic crude and liquids production has expanded by 2.5 mn barrels per day or 33%. As a result, America became the largest contributor to increase in oil and natural gas supplies in the world in 2010-13 period. As America has started to move from a ...
Instability In Oil And Gas Producing Countries Brings Risk To Some, Rewards To O
Oil Price - 4/23/2014 1:00:28 PM
However, when oil or gas has to pass through a conflict zone or unstable country ... Russia, one of the world’s largest producers of oil and gas, may have a hard time offloading some of its production if sanctions are imposed by the West in retaliation ...
GCC can lend a hand in Jordan’s oil-bearing rocks
Gulf News - 4/23/2014 8:14:08 AM
The GCC, for example, was able to create huge financial reserves that will enable it to cope with any difficulties or shocks caused by low prices in the case of increased oil production and decline in world demand. At the same time, other countries such as ...
Iraq Oil Output Exceeds Hussein Era
The Wall Street Journal - 4/21/2014 9:16:45 PM
"There are only a handful of places like this in the world." At BP's Rumaila operations ... engineers have to throttle back production at the oil fields. Routine pipeline maintenance on the country's aging network can also force shutdowns.
Total SA's Kaombo Project to Increase Angolan Production
The Motley Fool - 4/22/2014 12:33:01 PM
... (and remember that Angola is already one of the largest exporters of crude oil in the world). This will also significantly increase Total's equity production in the country. Last year, the company averaged equity production of 186,000 barrels per day ...
Obama Stymies Oil and Natural Gas Production on Federal Lands
Forbes - 4/16/2014 11:53:01 PM
While oil and natural gas production has surged on non ... and Norway produce– all countries with storied oil reputations – and explains why the U.S. is on track to be the world’s largest oil producer. Touting natural gas during this year’s State ...
Russia ships its first Arctic oil. Is a boom coming?
The Christian Science Monitor - 4/21/2014 6:39:16 PM
the beginning of our country’s enormous work on oil production in the Arctic.” RECOMMENDED: Fracking. Tight oil. Do you know your energy vocabulary? The Arctic theoretically holds 30% of the world’s remaining undiscovered oil and gas resources.