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, 2014See also: Oil - production map
OPEC's Falling Oil Prices: Russia's Putin Tells Venezuela's Maduro Their Countries Must Team Up
International Business Times - 9/3/2015 10:47:59 AM
Both Venezuela and Russia's economies depend on oil, but to date Moscow has refused to cut production in order to bolster global prices. Falling prices have also sparked concerns among the Organization of the Petroleum Exporting Countries, or OPEC ...
Canada Illustrates Plight of Rich but Resource-Dependent Countries
Wall Street Journal - 9/2/2015 3:03:53 AM
Its peak production coincided with the rise in global oil prices, helping to make Norway one of the richest countries in the world.But even so, it isn’t immune to the impact of the collapse in crude oil or to an overreliance on that sector.
Iraq Oil Output Will Decline Starting 2018, Says Morgan Stanley
businessweekme.com - 9/3/2015 11:38:06 AM
Islamist Militants Iraq, with the world’s fifth-biggest oil reserves, has been rebuilding ... last year as the Organization of Petroleum Exporting Countries defended market share against booming production in the US. With oil prices down 41 per cent ...
How Investors Should Play Oil's Decline
USNews - 9/3/2015 2:01:16 PM
OPEC was supposed to be on a quota system by country, but (no surprise ... The U.S. is now the swing producer in the world, with annual oil production up more than 80 percent since 2008. All this new supply has caused a devastating impact on price.
Iraqi oil output declining as of 2018 in Morgan Stanley’s view
Gulf News - 9/3/2015 1:18:19 PM
Islamist Militants Iraq, with the world’s fifth-biggest oil reserves, has been rebuilding ... last year as the Organisation of Petroleum Exporting Countries defended market share against booming production in the US With oil prices down 41 per cent ...
Q&A: Mexico Energy Undersecretary Talks Oil Prices, Security Concerns
US News and World Report - 9/2/2015 5:01:24 PM
An oil rig operated by a subsidiary of Mexico's ... Mexico's undersecretary of hydrocarbons in the country's Ministry of Energy, sat down with U.S. News & World Report last month at the Mexican Embassy in Washington to explore some of these issues.
OPEC cracks, ready to talk with world producers
eaglefordtexas.com - 8/30/2015 11:52:59 PM
The Organization of Petroleum Exporting Countries has kept production at all-time highs as strategy to abolish world competitors ... While the bulletin is titled “Cooperation holds the key to oil’s future,” there aren’t real details to how ...
Why Did Oil Prices Just Jump By 27 Percent In 3 Days?
Inside Futures - 9/2/2015 4:47:05 PM
It is still highly unlikely, but the one country that might be able to change the minds of Saudi oil officials is Russia. Again, even if Russia promised to cut back oil production to boost ... energy news site in the world, covering all aspects of news ...
Oil and Its Impact On Emerging Markets: Who Wins, Who Loses?
NASDAQ - 9/3/2015 9:22:05 AM
And I agree. To allow U.S. production to grow would undermine Saudi Arabia’s and other Gulf States’ power. So ultimately who wins and who loses? Well, one would think immediately that every oil importing country in the Developing World would win ...
Iran announces plans to produce four million barrels of oil per day by 2016
topix.com - 9/3/2015 1:43:57 AM
... Bijan Zangeneh said the country will boost oil production by over 1.5 million barrels a day. Iranian oil production by the end of 2016 will be in excess of 4 million barrels per day, more than in the pre-sanctions era, the nation's oil minister said.
Putin tells Venezuela's Maduro no direct action needed on oil prices
Reuters - 9/3/2015 12:49:41 PM
MOSCOW, Sept 3 (Reuters) - Russian President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro that both countries should combine efforts to prop up falling world oil ... implying production cuts, to support the price of oil, Russia's main ...
Venezuela announces $5 billion Chinese loan for oil sector
Economic Times - 9/2/2015 8:00:22 PM
The two countries will negotiate "joint projects in the areas of reconnecting oil wells and services associated with crude production," the socialist leader ... Venezuela, which has the world's largest proven oil reserves, has borrowed more than $50 ...
Oil tumbles most in seven months after biggest gain in 25 years
The Vancouver Sun - 9/1/2015 10:28:53 AM
Oil rose Monday after the U.S. government lowered production estimates and the Organization of Petroleum Exporting Countries said it’s prepared ... years prompted speculation that growth in the world’s second- biggest oil-consuming economy is slowing.
India edible oil producers fight losing battle against cheap palm oil imports
CNBC - 9/3/2015 9:17:55 PM
Now with Malaysian palm oil prices near 6-1/2 year lows, imports could rise even more, undermining Prime Minister Narendra Modi's efforts to make the country self-sufficient ... making it the world's top buyer of cooking oils. While India does have a ...
Commentary: Focus for oil is on inventory, jobs data
Fuel Fix - 9/2/2015 2:38:14 PM
Australia joins Canada in showing the pain experienced by commodity-rich countries; GDP data out of Canada yesterday showed that the world’s fifth-largest ... Dvorkovich as saying Russia won’t cut oil production in order to support prices.