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
Eight Pieces of Our Oil Price Predicament
The Energy Collective - 10/25/2014 11:58:33 AM
Iran is another country with production it would like to get back on line. 5. Even what seems like low oil prices today (say, $85 for Brent, $80 for WTI) may not be enough to fix the world’s economic growth problems. High oil prices are terrible for ...
Harold Hamm predicts Oklahoma oil production will pass Alaska soon
Tulsa World - 10/25/2014 6:50:44 AM
Oklahoma is set to surpass Alaska as the country’s fourth-largest oil producer early next year, according to projections by the U.S. Energy Information Administration and Oklahoma City-based Continental Resources Inc. If current trends continue ...
Oil: blindsided by fracking technology
The Telegram - 10/25/2014 7:19:22 AM
With production soaring and world demand for oil stalling due to slow economic ... This will be a great boon for countries that depend heavily on imported oil, like India and China. It may eventually liberate the United States from its compulsion to ...
Oil Price Decline Stems From Classic Supply-Demand Imbalance
Seeking Alpha - 10/25/2014 11:08:26 AM
The Forbes report said the price in Missouri, at $2.77, was the lowest in the country ... much less oil than it did in past decades, which is contributing to a relative glut in the rest of the world. Libya and Iraq are ramping up production as well.
Venezuelans brace for slump in oil prices
WRAL - 10/25/2014 7:48:00 AM
The country with the world's largest oil reserves was struggling to ... company PDVSA projected it would be pumping almost 6 million barrels of oil per day by now. Instead, production has steadily declined to around 2.4 million barrels — about the ...
Oil News: Saudi Arabia Blinks First, Cuts Oil Supplies in September
The Motley Fool - 10/25/2014 3:26:08 PM
That being said, it appears the country only cut supplies to the market and not oil production as Saudi Arabia reportedly ... to emerge that would begin to diminish the role of OPEC in world markets. Saudi Arabia might have surprised the oil markets ...
Saudis cut oil supply to markets
American Thinker - 10/24/2014 6:19:07 PM
according to a person familiar with the country’s oil policy. Its production climbed. The world’s biggest crude exporter supplied 9.36 million barrels a day last month, a reduction of 328,000 barrels daily from August, according to the person ...
Venezuelans brace for oil price slump
Record Courier - 10/25/2014 3:58:56 AM
The country with the world's largest oil reserves was struggling to ... company PDVSA projected it would be pumping almost 6 million barrels of oil per day by now. Instead, production has steadily declined to around 2.4 million barrels -- about the same ...
The South American Oil Country Tubular Goods (OCTG) Market is estimated to reach $6.6 billion by 2019 - New Report by MicroMarket Monitor
7 KOAM News - 10/25/2014 7:55:10 AM
The South American Oil Country Tubular Goods (OCTG ... The demand for OCTG is driven by high exploration and production activities, growth in the proven shale reserves, and escalating investments from oil and gas operators. The increasing demand for ...
Oil Prices Swim in a Sea of Uncertainty
Sudan Vision - 10/24/2014 7:16:23 PM
The answer was always found in the geopolitical situation in the world and especially in and around ... government have taken over large swaths of the country, thereby preventing Kirkuk’s oil production and exports and besieging the Baiji refinery ...
Is the U.S. holding too much oil in reserve?
KCCI 8 Des Moines - 10/25/2014 8:30:57 AM
The U.S. has the largest emergency stockpile of oil in the world. And now that the country's oil production is booming, there's questions if America needs to hold so much crude in reserve. The Department of Energy didn't respond to a request for comment.
Gulf states risk deficit as oil price falls: IMF head
Economic Times - 10/25/2014 6:10:46 PM
A sustained decline of $25 a barrel in the oil price would reduce the revenues of most Gulf countries by eight per cent ... about 25 per cent since June because of a production glut, weaker demand and a gloomy world economic outlook. The US benchmark ...
Brent oil ends week flat, pausing rout, as U.S. contango looms
Reuters - 10/24/2014 8:13:39 PM
despite instability in both countries. Oil traders said prices were reversing excessive gains made on Thursday, when the market spiked on news that Saudi Arabia had boosted production but cut supplies to the market in September, instead pumping barrels ...
Rosneft, BP agree to explore for shale oil in Russia amid sanctions
worldbulletin.net - 10/24/2014 8:35:07 PM
"Our country has a goal not only to ... Russia is the world's leading oil producer with current output of around 10.5 million barrels per day (bpd) but the bulk of production is coming from depleted western Siberian deposits. Moscow is hoping to repeat ...
The years of lean oil
El Universal - 10/25/2014 8:02:19 AM
Meanwhile, Venezuela has urged a meeting within the Organization of Petroleum Exporting Countries (OPEC) seeking cuts in oil production to spur prices. However, other OPEC members, namely Saudi Arabia and Kuwait, are reluctant. They are positive that the ...