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 boom transforming global oil trade
WOOD - 5/22/2013 10:16:26 PM
The chief impetus for the changing world oil picture is the increase in production ... difficult decisions if new supplies from non-OPEC countries push prices lower. The group restricts production by its members in order to keep global oil ...
Global oil boom forcing Saudi Arabia to cut oil production
fuelfix.com - 5/23/2013 12:46:45 AM
The prediction is in line with a report from the International Energy Agency, which said last week that most of the world ... OPEC countries are maintaining average production at 15.2 million barrels per day. Saudi Texas: Oil’s new reign ...
Chevron Can Bubble To $145 On Improving Production Outlook
Forbes - 5/23/2013 5:07:26 PM
The shares are trading around $125 currently. California-based Chevron Corporation is the second largest energy company in the U.S. after Exxon Mobil. The company manages its investments in subsidiaries and affiliates for which it provides ...
With U.S. Awash in Oil, Keystone Argument Weakens
Bloomberg - 5/23/2013 7:09:07 PM
InsideClimateNews.org-- U.S. oil production is suddenly growing so fast that some analysts are questioning how much the country really needs the Canadian tar sands oil that would move through the proposed Keystone XL pipeline. This month, the U ...
What if the world has an endless supply of oil?
American Public Media - 5/24/2013 6:10:40 PM
In a recent cover article of The Atlantic, journalist Charles Mann questions the long-held belief that fossil fuels are a finite resource, and suggests that new technology and the discovery of further reserves means we could have an endless ...
How Reliable is the IEA’s Oil Market Forecast?
OilPrice - 5/20/2013 11:08:54 PM
And, world oil production (crude plus lease condensate ... the IEA does not expect significant development in other countries of these deposits using the new type of hydraulic fracturing. Related article: Long Term Market Forecasts Becoming Ever More ...
Oil and pipelines driving Canada's economy
United Press International - 5/24/2013 10:11:04 AM
QUEBEC CITY, May 24 (UPI) -- Natural resources form "one of the cornerstones" of the ... that its economy grew 0.3 percent in April in part because of oil and natural gas extraction. Oliver said the natural resources sector represented about ...
Continued strong public spending expected to support non-oil growth in many oil producing countries
bi-me.com - 5/21/2013 7:04:20 PM
a mild economic recovery is anticipated due to the scaling-back of hydrocarbon production amongst oil exporters. The update stressed that countries must not lose sight of the medium-term challenge of diversifying their economies, creating jobs, and ...
UPDATE 4-Brazil to auction its biggest-ever oil find in October
Reuters Group PLC - 5/24/2013 1:21:21 AM
Its sale will attract interest from oil companies around the world ... will be making production sharing as attractive as the concession model," said João Carlos de Luca, head of Brazil's Petroleum Institute, the country's main industry ...
The Guardian: Libya's Revolt Squeezing World Oil Supplies
MENAFN - 5/21/2013 11:57:50 PM
(MENAFN - Qatar News Agency) The world faces an oil supply crunch ... Morris added that countries with large oil and gas resources also are now more adept at renegotiating production sharing agreements which are over generous to international companies ...
Climate Change Won't Be A Problem When We Run Out Of Oil
The Business Insider - 5/24/2013 4:59:05 PM
I believe that peak oil estimates are overstated because they do not consider the economics of depleting ... The Standard Fixes Don’t Work.) One of the implicit assumptions in the IPCC report is that continued growth in a finite world makes ...
Oil sector not yet ready to apply cabotage rule
Jakarta Post - 5/23/2013 5:40:14 AM
Indonesia, a former member of the Organization of the Petroleum Exporting Countries (OPEC), may experience a further decline in its crude oil production as the exemption for oil and gas vessels from the cabotage rule is set to expire in 2015 ...
Research and Markets: Ecuador Exploration and Production (Upstream) Market Analysis and Outlook to 2020
Yahoo! Finance - 5/22/2013 1:33:52 PM
Country oil and gas Production Forecast to 2020 Field wise Oil and Gas Production to 2011 Company wise Oil and Gas Production to 2011 Research and Markets is the world's leading source for international market research reports and market data.
Afghanistan to start first commercial oil production in July
pakistantoday.com.pk - 5/20/2013 1:40:25 AM
Shahrani quoted by ABC News said, the oil production will eventually supply oil domestically in a bid to prevent oil import from outside the country. In the meantime Australia has pledged to provide training opportunities for the Afghan mines officials in ...
Oil Pipelines to Drive Canada Economy Like 1880s Railroad
Businessweek - 5/22/2013 4:32:50 PM
helping to establish Canada as one of the world’s largest agricultural exporters. Pipeline companies are proposing conduits that would help transport millions of barrels of new production from oil-sands projects in Alberta to refineries in ...