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
Top 10 oil and gas producing countries in 2012
mining.com - 6/14/2013 10:46:25 PM
Eight out of 10 countries increased their oil output ... rate” of proven oil reserves in-situ for any given country when applying current levels of domestic oil production. Canada is the wealthiest country by R/P ratio, with 153 remaining years of ...
African countries supply 12% world’s oil – PwC
Daily Sun - 6/18/2013 11:31:47 PM
PwC Africa Oil & Gas Industry Leader and Deputy Country Senior Partner ... that the oil and gas industry in Africa is poised for momentous growth due to recent large gas finds in East Africa. “Large gas finds in Mozambique and Tanzania, and oil potential ...
Stakeholders envision further drop in oil production
Vanguard - 6/18/2013 2:03:17 AM
Similarly, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, said that the union was worried and disturbed over the drop in crude oil production in the country, since the first quarter of 2013. NUPENG blamed the drop on incessant crude oil ...
Keystone Seen Failing to Sop Up Canada Oil Glut: Energy Markets
Businessweek - 6/18/2013 6:09:39 PM
Even if U.S. President Barack Obama approves the Keystone XL pipeline, Canadian crude oil probably will remain the cheapest in the world, hampering expansion of the country’s largest export industry. Canadian oil prices are forecast to fall ...
U.S. Tallow Exports Seen Falling by Oil World on Biodiesel Use
Businessweek - 6/18/2013 6:38:17 PM
The fat is being used to make biodiesel for export to the European Union, Oil World said. Brazil has turned into a net importer from net exporter on rising domestic biodiesel needs, according to the researcher. To contact the reporter on this ...
As U.S. production soars, oil companies eye far horizons
fuelfix.com - 6/18/2013 4:43:45 PM
Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are taking drillers, engineers, geologists and services firms to Brazil, the Arctic, Africa, Australia and parts ...
Food Use Seen by Oil World Driving Cooking Oils as Biofuels Slow
Bloomberg - 6/18/2013 1:23:19 PM
Food use will drive demand for vegetable oils and fats in 2012-13 as the world population grows and per-capita consumption rises, while biofuel use will increase at the slowest pace in a decade, Oil World forecast. Total use of 17 oils and fats ...
Top industry lobbyist says US oil and gas production could grow even more
fuelfix.com - 6/18/2013 4:36:36 PM
American Petroleum Institute chief Jack Gerard said Tuesday that U.S. gas prices and the unemployment rate would be higher if not for the tremendous growth in oil production in America over the last few years. Gerard asserted during a meeting ...
Iraq excludes Kurds from ambitious 2014 oil output target
Reuters - 6/18/2013 9:01:27 PM
LONDON, June 18 (Reuters) - Iraq aims to ramp up oil production by nearly 45 percent by the end of next year - without any input from its autonomous Kurdistan region - which suggests a lasting compromise in their long-running oil feud may be a ...
U.S. Oil Notches Record Growth
National Center for Policy Analysis - 6/18/2013 1:16:10 PM
Indonesia, a former Organization of the Petroleum Exporting Countries member ... Source: Keith Johnson and Russell Gold "U.S. Oil Notches Record Growth: Rise in Production Is World's Largest; Fueled by Fracking," Wall Street Journal, June 12, 2013.
Additional Iranian oil sanctions may be counterproductive
OilVoice - 6/19/2013 6:55:36 AM
A June 6, 2013, article from Reuters is titled, “Lawmakers in new drive to slash Iran’s oil sales to a trickle.” According to it, U.S. lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran’s diminishing oil exports ...
Oil prices end week on high note
GlobalPost - 6/15/2013 1:45:22 AM
World oil prices finished on a high note on geopolitical worries in Syria, having begun the week on the back foot following news of strong OPEC oil output, US shale production forecasts and Chinese demand fears. Other commodities were dented somewhat by ...
Forty percent of fishmeal and oil production is IFFO RS certified
fishupdate.com - 6/18/2013 9:19:57 AM
“Overall 103 plants in 10 countries are now IFFO RS certified, amounting to 40% of world combined fishmeal and fish oil production and 70% of that produced by IFFO members,” says Francisco Aldon Head of Standards at IFFO. “More factories are in the ...
Iraq slashes production plan, but doubts remain
United Press International - 6/14/2013 5:45:46 PM
The IEA lists Iraq as the world's third largest oil exporter, ranked second in the Organization of Petroleum Exporting Countries after Saudi Arabia. Oil provides 95 percent of Iraq's revenue. Another problem is growing U.S. production, largely through ...
Just How Expensive Is Shale Oil?
The Motley Fool - 6/15/2013 4:33:00 PM
While many have argued that rising marginal costs of production for unconventional oil projects will help buoy oil prices by driving a floor underneath prices, they're also limiting the industry's profitability. That's bad news for the world's largest ...