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 5:53:40 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 ...
A New American Oil Bonanza
New York Times - 8/28/2014 6:22:18 PM
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 ...
OPEC Oil Output Hits One-Year High in August on Nigeria
Businessweek - 8/29/2014 5:02:22 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 72 cents, or 0.8 ...
Oil And Gas Industry Fueling Jobs For Labor Day Weekend
Forbes - 8/30/2014 12:00:32 PM
And it is this reality that has catapulted the United States to the position of being the world’s second biggest oil ... countries, with OPEC remaining the biggest supplier. However, overall imports are at a 17-year low while the nation’s production ...
Mexican deep-sea oil reserves to boost production
worldbulletin.net - 8/29/2014 7:29:42 AM
we will still be one of the largest oil countries in the world in terms of reserves.” According to the U.S. Energy Information Administration, Mexico’s oil production will rise to 3.7 million barrels a day by 2040 – a 75 percent increase on previous ...
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.
Iraq and Libya spark oil production fears
Opalesque Hedge Fund News - 8/29/2014 1:10:19 AM
The world fears an oil crisis will occur if the security situation in oil-producing countries does not improve ... If an Iraqi oil disaster occurs — especially if production allocated for export is halted — oil prices will easily hit an average ...
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.
EIA: Tight Oil Stabilizes Brent Crude Prices
Rigzone - 8/29/2014 4:33:44 PM
World events that threatened global oil production and distribution are scarcely having ... However, most of the growth in supply from countries outside the Organization of the Petroleum Exporting Countries (OPEC) over the past two years has come from ...
Mexico's Pemex says production to increase in 2015
Seattle Post Intelligencer - 8/29/2014 2:32:02 PM
Private exploitation of Mexico's oil and gas drilling is being allowed for the first time since the industry was nationalized 76 years ago. Hernandez said Friday that more than a third of the country's production will continue to come from the Ku-Maloob ...
Mexico's Pemex estimates crude production will increase to 2.4 million bpd in 2015
FOX News - 8/29/2014 7:47:00 PM
MEXICO CITY – Mexico's state-owned oil company is estimating its ... hundreds of matures oil fields and start production in recently discovered reserves. Hernandez said Friday more than a third of the country's production will come from the Ku-Maloob ...
OPEC holds crude production ceiling amid demand worries
Arab Times - 8/29/2014 6:46:45 AM
The Organization of Petroleum Exporting Countries (OPEC ... is aware that cutting production could raise oil prices and boost their incomes — but that this could also hurt the fragile global recovery. World oil prices steadied after Friday’s decision ...
How shale oil in Texas is keeping gas prices affordable
Economic Times - 8/29/2014 9:09:55 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 ...
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 ...