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
Major Changes in World Oil, Gas Markets: Report
sourceable.net - 8/28/2014 4:34:55 PM
We are a world leader in LNG megaproject execution, and we are emerging as an energy exporting nation.” In its report, Deloitte argues the extent of transformation involved in unlocking America’s shale formations, with the country’s oil production ...
Dawn - 9/1/2014 7:26:09 AM
The government now gets a mere 14000bpd of crude oil. Gas production ... The World Bank is predicting an 8pc decline in 2014 against the contraction of 5.3pc last year. Rebel seizure of four terminals in July cost the country more than $14bn in lost ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
How to invest in lubricants production
Businessday - 8/31/2014 11:48:01 PM
Nigeria is known to be one of the forces to be reckoned with in crude oil production in the whole world producing an average of 1.16 ... There are four refineries in the country with the latest at Alesa-Eleme near Port Harcourt, Rivers State with the ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
OPEC Oil Output Hits One-Year High in August on Nigeria
Bloomberg - 8/29/2014 1:41:56 PM
Production by the 12-member Organization of Petroleum Exporting Countries rose by 891,000 barrels a day to ... Brent is the benchmark grade for more than half the world’s oil. West Texas Intermediate oil for October delivery climbed $1.41, or 1.5 percent ...
Crude Oil in America: How Much Do We Really Have and How Long Will It Last?
The Motley Fool - 8/30/2014 8:07:18 PM
Still, the point I'm trying to drive home is that even though U.S. oil production now exceeds every other country except Saudi Arabia and Russia ... boom isn't a panacea to the nation's -- or the world's -- most gripping challenge: our addiction to ...
Crude oil showcased sharp up move on back of encouraging U.S economic data
Commodity Online - 9/1/2014 4:34:21 AM
MUMBAI: Crude oil rallied, holding overnight gains as positive economic data boosted the outlook for demand in the world ... production, a senior Libyan oil official said on Thursday in the latest sign that output is improving despite unrest in the country.
Andres Oppenheimer: Venezuela: From oil power to oil importer
The Miami Herald - 8/30/2014 10:30:28 PM
Venezuela’s oil production, which accounts for 95 percent of the country’s export earnings, should be used in world classrooms as a textbook case of what happens when a populist government starts distributing a country’s wealth in cash subsidies ...
Commodity Trading Tips for Crude Oil by KediaCommodity
Top News - 9/1/2014 7:33:18 AM
Production from the Organization of the Petroleum Exporting Countries (OPEC) rose despite conflicts in Iraq and Libya. OPEC, which supplies a third of the world's oil, raised its output in August from July, with higher supply from Libya, Angola and Iran.
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
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20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth in 2012 (+14%), whereas ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
How shale oil in Texas is keeping gas prices affordable
The Economic Times - 8/29/2014 9:17:05 AM
The United States now accounts for 10 percent of the world's oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to sell their oil to China and other Asian markets at steep discounts ...