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
Bragging rights: So who is the world’s top oil producer?
blogs.platts.com - 6/30/2015 4:26:57 AM
Earlier this month, BP’s latest Statistical Review unintentionally reopened a debate into whether the US has regained the crown as the world’s top oil ... forward measure of which country tops the leaderboard on oil output, BP’s widely-read yardstick ...
Global Oil Country Tubular Goods(OCTG) Industry 2015 Market Size, Share, Trends, Global Price, Company Profiles
University Chronicle - 6/30/2015 2:28:14 PM
A detailed evaluation of the leading vendors in the Oil Country Tubular Goods(OCTG) market is delivered and a description of how these top companies are focusing at the emerging markets around the world is ... Tubular Goods(OCTG) Production by Regions ...
Analysis: New oil bull market in sight as Brazil, Iraq cut output targets
Reuters - 6/30/2015 11:07:48 AM
"All these project cancellations and deferral and cut backs are setting the world up for tighter oil markets in the medium term (2017-19) unless the record Middle East oil rig count successfully translates into significantly higher production," said Seth ...
What’s Driving Our Long-Term Forecast For Oil Prices?
Trefis - 6/30/2015 4:29:56 PM
We recently revised our long-term crude oil price forecast in view of the changed ... According to the latest statistical review of world energy by BP, the country’s liquids production increased by almost 1.6 million barrels per day or 15.9% year ...
Oil Stocks Hit Two-Year High in Europe Hub
Wall Street Journal - 6/30/2015 8:23:10 AM
LONDON—The amount of crude stored at the world’s largest oil-trading hub has hit ... could make the glut worse. American production hasn’t slowed appreciably, the Organization of the Petroleum Exporting Countries has ramped up output, and there ...
Current Oil Price Slump Far From Over
Inside Futures - 6/30/2015 5:20:02 PM
The world crossed a boundary in which prices are ... Lower demand and continued supply growth from non-OPEC countries caused a production surplus beginning in 1982. Oil prices fell from $106 per barrel in 1980 to $31 per barrel in 1986.
Brazil a Victim of Oil Prices and Its Own Hype
The Motley Fool - 6/30/2015 7:57:31 PM
Just two years ago, Brazil confidently predicted that it would be able to double its oil production on the back of its pre-salt fields, allowing the country to produce 5 million ... for both Petrobras and Brazil as a world oil producer.
Oil rises after markets cool on Greece crisis, Iran deal
Fuel Fix - 6/30/2015 4:29:56 PM
The government will hold a referendum on Sunday on austerity measures that Greece’s creditors want the country to adopt to ... to carve out a bigger piece of the world’s oil market, increased its daily crude production by 150,000 barrels to 10.45 ...
Solomon Upstream Launches Inaugural Worldwide Onshore Production Operations Performance Analysis
StreetInsider - 6/30/2015 4:19:47 AM
Solomon Upstream, formerly Ziff Energy, recently announced the launch of its Worldwide Onshore Production ... national oil companies (NOCs). During this timeframe, the company has assessed more than 3,000 onshore assets in 29 different countries.
OPEC Oil Output Hits 3-Year High in June on Iraq: Survey
NDTV - 6/30/2015 1:09:30 PM
London: Organization of the Petroleum Exporting Countries ... oil companies, OPEC and consultants. The group has raised output by more than 1.3 million bpd since it decided in November 2014 to defend market share rather than prices. A final deal between ...
What countries lose when oil prices drop
CNBC - 11/4/2014 3:11:17 AM
countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit. The price plunge comes as a slowing global economy cuts into the demand for oil. At the same time, expanded production—including rising output from ...
Yedlin: Despite increasing demand, no relief seen for oil prices
The Windsor Star - 6/30/2015 12:40:52 PM
A research report published by Scotiabank commodity analyst Pat Mohr stated “international oil prices ... and increased production later on. All this underscores — yet again — Alberta’s position as a price taker in the energy world.
Crude oil futures trade near 3-week low ahead of Greek default
MENAFN - 6/30/2015 10:46:20 AM
(MENAFN - FxPro) Oil ... and world powers over Tehran's nuclear program, which could result in a flood of Iranian crude returning to the market which is already oversupplied. A final nuclear agreement between Western powers and Iran over the country's ...
Lifting Crude Oil Export Ban Could Harm Consumers, Businesses, National Security
politicalnews.me - 6/30/2015 9:49:04 AM
Despite the production gains we have seen in recent years, the United States still imports roughly 5 million barrels of oil every day from foreign nations. We are neck and neck with China as the world’s ... across the country. Economists generally ...
OPEC Crude Production Surges as Iraq Pumps at Record Pace
Rigzone - 6/30/2015 6:45:56 PM
Output by the Organization of Petroleum Exporting Countries climbed 744,000 ... Brent, the benchmark for more than half the world’s oil, ended at $62.01 on Monday, the lowest close since April 15. Iraqi production rose 567,000 barrels a day to a record ...