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
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times - 12/4/2013 12:33:13 PM
LONDON — Members of the Organization of the Petroleum Exporting Countries agreed on Wednesday to leave their combined daily quota for petroleum production at 30 million barrels, a decision that was expected to keep prices at their current ...
At OPEC meeting, Iran says it plans big oil production hike if sanctions end
Washington Post - 12/5/2013 12:50:31 AM
VIENNA — Iran indirectly challenged OPEC kingpin Saudi Arabia on Wednesday, announcing plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if its extra output drives prices into the basement. The comments by Iranian ...
World Depends on Two Countries for Increase in Oil Production
OilPrice - 11/11/2013 11:59:04 PM
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OPEC freezes oil output ceiling
Yahoo! News - 12/4/2013 9:27:06 AM
"We know demand is good, economic growth is good, supply is good," Saudi Oil Minister Ali al-Naimi told reporters at OPEC headquarters in the Austrian capital. The group, with a dozen member nations from the Middle East, Africa and Latin America ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields ...
Iran Defies OPEC, Will Up Oil Production
The Epoch Times - 12/4/2013 8:51:19 AM
In a nod to the Saudis, he said he hoped OPEC members understand that “when a member country comes back … they should open the doors for him and not fight with him.” Strong U.S. shale oil production could add to internal OPEC pressures ...
20 countries seeing biggest increase in oil production
Rediff - 11/8/2013 3:09:55 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 ...
The U.S. Will Be the World's Biggest Oil Producer, But for How Long?
US News and World Report - 12/4/2013 1:01:51 PM
Last month, the International Energy Agency said that by 2015 the United States will surpass Saudi Arabia and Russia as the world's biggest oil producer and is on track to become energy self-sufficient in two decades. The agency added that for ...
Top 10 oil and gas producing countries in 2012
mining.com - 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 ...
Iran says it will return to full oil production as soon and even if prices slide
FOX News - 12/4/2013 12:04:35 PM
VIENNA – Iran says it plans to pump as much oil as it can once sanctions on its crude exports are lifted, even if the extra output causes prices to slide. The comments by Iranian oil minister Bijan Namdar Zanganeh reflect Tehran's ...
World Olive Oil Consumption Slips, Production Rebounds
oliveoiltimes.com - 10/8/2013 1:40:49 PM
The IOC said that among its other member countries, production is forecast to be higher ... but the IOC’s provisional data puts last season’s world olive oil production at about 2.5 million tons – down by just over a quarter on 2011/12’s record ...
The Peak in World Oil Production is Yet to Come
Wall Street Pit - 9/15/2013 7:08:45 PM
World oil production stagnated between 2005 and 2007, which given rapid growth in demand from emerging economies sent oil prices shooting up. Some observers suggested that production might never rise much above the levels seen in 2005. Among those who ...
U.S. to become biggest oil producer - IEA
CNN Money - 11/12/2012 1:45:38 PM
Oil and gas boom puts US on track for energy independence The recent resurgence in oil and gas production, and efforts to make the transport sector more efficient, are radically reshaping the nation's energy market, reported Paris-based IEA in ...
The World Needs 390 Billion Barrels of New Oil Production by 2035
The Motley Fool - 9/22/2013 3:18:32 PM
At the same time, demand from emerging markets is rising rapidly. When those two things collide, it leaves a production gap of 390 billion barrels of oil that energy companies need to make up between now and 2035. Just to put that number into some ...
Oil Reforms by Mexico May Upend Markets
New York Times - 8/15/2013 12:18:43 AM
HOUSTON — A sweeping reform suggested for Mexico’s energy laws has the potential not only to return the country to its early-1980s ... the United States refineries. Mexico’s proven oil reserves have fallen since the 1980s from nearly ...