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
The conspiracy theorists are right. Research shows nations really do go to war over oil.
Washington Post - 1/28/2015 12:57:40 PM
At the time, the U.K. was one of the largest net oil importers in the world, as North Sea oil production only started in 1975. The country also had, via BP, a direct interest in the stability of the region. It may seem tempting to attribute U.K ...
U.S.: Iran's oil production capacity curbed
United Press International - 1/28/2015 3:06:31 PM
we have also seen a significant decline in its production of oil," he testified. Iran in December produced just under 2.8 million bpd, down about 20 percent from 2011 levels, Cohen said. The World Bank said in an October report the Iranian economy is ...
Are crude conspiracies right? Research shows nations really do go to war over oil
THE CONVERSATION - 1/29/2015 1:57:56 AM
At the time the UK was one of the largest net oil importers in the world, as North Sea oil production only started in 1975. The country also had, via BP, a direct interest in the stability of the region. It may seem tempting to attribute UK intervention in ...
Olive oil production down, prices due to rise
Philadelphia Daily News - 1/29/2015 2:55:12 AM
As Vetri chef Alicia Walter prepared for a recent seven-week trip to study olive oil production in the ... growers and others around the world would seek to benefit from the problems in the Mediterranean. "There are countries that are going to see this ...
Harold Hamm Says U.S. Oil Firms Can Help Right the Market
Wall Street Journal - 1/29/2015 12:17:43 AM
Saudi Arabia, which leads the Organization of the Petroleum Exporting Countries, has traditionally cut its own oil output to help shore up crude prices around the world. But the Kingdom ... Long a champion of U.S. oil production, Mr. Hamm now says the ...
Sierra Leone: The Falling Oil Prices - What We Should Know
AllAfrica - 1/29/2015 10:26:10 AM
The U.S. Energy Information Administration says crude oil production will average 9.3 million ... has been hard hit, and the World Bank has cautioned that the country's economy would contract by at least 0.7% in 2015 if oil prices do not pick up.
‘Ghana must adopt Production Sharing Agreement for oil revenue’
Ghana Web - 1/28/2015 6:05:29 PM
A Senior Research Fellow at the Ghana Institute of Governance and Security (GIGS), Mr Solomon Kwawukume, has strongly advocated that Ghana must adopt the Production ... of oil agreements and contracts at the Supreme Court in the interest of the country.
The falling oil prices: what we should know
Sierra Express Media - 1/29/2015 3:16:40 AM
The U.S. Energy Information Administration says crude oil production will average 9.3 million ... world’s largest oil producers has been hard hit, and the World Bank has cautioned that the country’s economy would contract by at least 0.7% in 2015 ...
Saudi Aramco Say Oil is a Buy
Live Trading News - 1/27/2015 6:35:18 PM
... world’s largest oil company in terms of crude production and exports. The kingdom is the world’s leading oil exporter and the top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November the cartel decided to maintain ...
Crazy Clerics Who Rule the World’s Oil
Daily Beast - 1/28/2015 10:27:21 AM
Oil prices ... and not reduce production to increase prices. But will King Salman be able to control the clergy as well as the petrol? The powerful and unpredictable religious establishment tied to the Saudi royal family since the country became a ...
Foreign intervention ‘100 times more likely’ in oil-rich states – study
RT - 1/28/2015 5:29:41 PM
No country joins another country ... But they argued a recent rise in US oil production indicates the state will intervene less in the near future. Additionally, they suggest the world can expect a cycle of low intervention in years to come because ...
Oil’s price slump may have lasting impact on non-OPEC countries
Opalesque Hedge Fund News - 1/29/2015 1:00:40 AM
Crude prices dropped sharply Wednesday as global producers pump surplus supply into the world’s bulging ... particularly in non-OPEC countries such as Russia, Mexico and Brazil. Fuelled by $100 (U.S.)-a-barrel prices, crude production has grown sharply ...
Iraq oil surge to fan OPEC rivalry that triggered slump
Chron - 1/28/2015 3:20:50 PM
Iraq needs to keep increasing oil production because tumbling global prices have reduced government revenue by about 50 percent, Deputy Prime Minister Rowsch Nuri Shaways said at the World Economic Forum in Davos, Switzerland on Jan. 21. "It is escalating ...
Oil price 'too low': Saudi Aramco chief
Channel News Asia - 1/27/2015 4:40:46 PM
... the world's largest oil company in terms of crude production and exports. The kingdom is the world's leading oil exporter and the top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain ...
Oil Trades Near Six-Year Low With U.S. Supply Highest Since 1982
Bloomberg - 1/29/2015 8:03:00 AM
Crude inventories in the U.S., the world’s biggest oil consumer ... Exporting Countries decided to maintain output levels on Nov. 27, choosing to let rival producers curb their supplies first to alleviate a global surplus. U.S. production rose to ...