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
What Russia Beating Saudi Arabia at Its Own Game Means for Oil Stocks
Quad-Cities Times - 2/22/2017 10:28:32 PM
... charge late last year to get fellow oil-producing countries to cut back on production during the first half of this year to help the market burn off the glut of oil sitting in storage around the world. While the Saudis have done more than their fair ...
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
thewashingtonstandard.com - 2/22/2017 4:23:28 PM
(RT) Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million barrels per ...
Reports confirm compliance to oil supply constraining OPEC deal
thedollarbusiness.com - 2/22/2017 11:58:37 AM
Especially because US production and export of oil has been on the rise, it is said that the Middle-Eastern nations no longer have a monopoly over the world oil economy. In fact, it was fears of emerging shale gas discoveries in US that forced countries ...
Rosneft Expands in Middle East With Libya and Iraq Oil Deals
Bloomberg - 2/21/2017 8:56:40 PM
The Russian company announced on the same day it will buy Kurdish oil until 2019 and will study exploration and production ... Arab countries, reviving political, arms-trading and energy relationships. Russia, which overtook Saudi Arabia as the world ...
Norway's oil production lower than expected
United Press International - 2/21/2017 6:09:02 AM
Norway is one of the larger energy producers in the world and a main ... Gains or declines in production from Norway could skew efforts from the Organization of Petroleum Exporting Countries to balance a market and support crude oil prices.
OPEC deserves no better than ‘C-minus’ on production cuts as global glut endangers price recovery
Financial Post - 2/21/2017 12:49:54 PM
The short-lived recovery of world oil prices ... Four countries are actually increasing output above their reference levels, including Iraq, Venezuela, Algeria, and the Emirates. While Saudi Arabia has slashed production, it has not cut exports by the ...
This Is the World’s New Top Producer of Crude Oil
FORTUNE - 2/21/2017 5:18:56 AM
Saudi Arabia has once again been overtaken in December as the world's top crude oil ... This is the first time Russian oil production has overtaken that of Saudi Arabia since last March, according to Bloomberg. Both countries saw their output down from ...
Olive oil prices could jump by 20 percent
Omaha.com - 2/22/2017 12:52:53 AM
ROME (AP) — From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock ... most of all in Italy, where production is halved from last fall. That’s pushing up Italian wholesale prices by ...
OPEC still waiting for evidence oil cuts are doing their job
worldoil.com - 2/22/2017 5:56:31 PM
LONDON (Bloomberg) -- OPEC officials this week hailed the “excellent” and “unprecedented” implementation of their agreement to cut oil production ... the world is the most important factor for the Organization of Petroleum Exporting Countries ...
US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why
zerohedge.com - 2/20/2017 5:27:17 AM
Specifically, Blanch predicts that US shale oil production could grow by a whopping ... today's news that Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed ...
Uganda Inches Closer to Oil Production By 2020
AllAfrica - 2/22/2017 11:51:27 AM
This brings optimism that the country could draw its first oil on schedule in 2020. In August 2016, the Ministry of Energy and Mineral Development issued eight production licences to Joint Venture partners Total E&P Uganda and Tullow Oil Uganda ...
Iran among world’s top economies by 2050
customstoday.com.pk - 2/21/2017 9:22:19 AM
TEHRAN: A recent study shows that Iran will be among 32 most powerful economies in the world by 2050. The study that was ... that serious plans have been devised to increase the country’s oil production to as high as 5 mb/d over the next few years ...
OPEC chief Barkindo plays down threat from rise in U.S. oil output
Market Watch - 2/21/2017 10:41:03 AM
“More than any other group of producers, [U.S. shale] have been impacted negatively by this adverse cycle, and they therefore tend to benefit the most from the actions taken by the 24 producing countries ... oil industry, he said. “This is a new world ...
The World’s Largest Oil Reserves By Country
worldatlas.com - 2/8/2017 11:56:44 PM
Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic and political conditions, with existing technology. Many oil-producing ... the ten countries with the largest oil reserves in the world to help ...
Oil Lower in Wednesday Trade
www.dtnpf.com - 2/22/2017 2:50:25 PM
NEW YORK (DTN) -- Spot-month oil futures on the New York Mercantile Exchange retreated at the start of regular trade Wednesday morning amid a rallying dollar and doubts over the effectiveness of production cuts by the ... Exporting Countries and 11 non ...