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
Russian FM rejects intervention in oil production
Economic Times - 11/21/2014 5:38:45 PM
MOSCOW: Russia's foreign minister says there should be no intervention in global energy production, even as the country's economy takes a hit from rapidly falling oil prices. After a meeting with his Saudi counterpart in Moscow, Sergei Lavrov said both ...
IEA’s World Energy Outlook 2014
Canada Free Press - 11/22/2014 1:45:31 AM
For each barrel of oil that the OECD countries no longer demand ... China, India, Indonesia, and Australia make up over 70 percent of the world’s coal production by 2040. India’s power minister, Mr. Goyal, promised to double India’s use of domestic ...
Russian FM rejects cuts to oil production
Tulsa World - 11/21/2014 6:54:30 AM
MOSCOW (AP) — Russia's foreign minister said Friday that there should be no move to cut global energy production, even as the country's economy takes a hit from falling oil prices. Russia is weighing how to respond to this year's 30 percent drop in the ...
‘OPEC can easily decide to do nothing about oil prices’
RT - 11/21/2014 9:17:40 AM
RT: Oil prices are at a record low ... That means that Saudi Arabia is the only country really in the world with any spare production capacity. So when the prices are high, they can theoretically put more supply on the market to ease the price, and ...
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.
Oil traders increase bets on OPEC action
Yahoo Finance - 11/21/2014 4:48:39 PM
The surge in U.S. oil production has added more crude to world markets at a time when demand growth has ... "I think the Saudi position is different than the other countries because what they want to do is defend their market share," he said, noting ...
Oil price fall, Syrian crisis focus of Saudi-Russia talks
Arab News - 11/21/2014 9:27:49 PM
The countries are two of the world’s largest energy producers. Speaking after his talks with Prince Saud, Lavrov said there should be no move to cut global oil production. He said both Russia and Saudi Arabia did not want oil production targets to be ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
Oil and gas in Europe: Part 5
Energy Global - 11/21/2014 4:05:42 PM
There is very little oil production in Poland ... Also in the gas sector, the World Bank has approved a US$ 400 million loan for the country to build its first gas storage facility. With 12 issues per year containing unparalleled coverage of the global ...
IHS : Tight Oil Test: U.S. Production Growth Remains Resilient Amid Lower Crude Oil Prices
4 Traders - 11/21/2014 10:00:37 AM
IHS estimates 2015 U.S. tight oil production growth at around 700,000 barrels per ... profitable growth and employs more than 8,000 people in 31 countries around the world. IHS is a registered trademark of IHS Inc. All other company and product names ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 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 ...
Oil nears $80 on possible OPEC cut, strong U.S. data
Reuters - 11/21/2014 3:08:26 PM
Venezuela reiterated its call for production ... Exporting Countries agreed to reduce production at its Nov. 27 gathering. Libya and Ecuador have also called for OPEC to cut output. Iran urged fellow OPEC members to shore up oil prices, which have fallen ...
Russia Can Survive An Oil Price War
The Motley Fool - 11/21/2014 10:29:15 AM
China appears a likely suitor as the two countries have already embarked on a promising oil partnership ... oil production is not projected to contract. Gazprom Neft just completed its third delivery from their Prirazlomnoye project, the world's ...
Ghanaian oil workers 400 percent worst off
Ghana Web - 11/21/2014 9:03:21 AM
Ghana’s oil production capacity will be affected – a phenomenon that should be considered very critical especially in these times when oil prices are falling on the world market. This situation is affecting the nation’s oil export revenues and a ...
US oil production surge to break Saudi Arabia's grip on world energy
Daily Telegraph - 11/7/2014 8:51:20 AM
The report comes as Saudi Arabia - the world's largest oil exporter - appears willing ... oversupply and uncertainty over the future production policies of the Organisation of Petroleum Exporting Countries (Opec). The group of 12 mainly Middle East petro ...