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
BRICS Apart as Oil Prices Plunge
The Huffington Post - 3/6/2015 8:17:34 AM
The steady increase of U.S. shale oil production -- together with ... the threshold to the group of net-exporting countries. Together with the unfolding corruption scandals in state-controlled Petrobras, world oil price developments have prompted a full ...
World Bank Analyzes Oil Price Plunge
Eurasia Review - 3/5/2015 5:51:25 PM
These underlying forces are buoyed by a strengthening U.S. dollar and the fact that oil production in the Middle East ... With more than 70 percent of the world’s poor living in oil-importing countries, low oil prices should help in the drive to reduce ...
How Low Can Oil Prices Go?
Reason - 3/2/2015 11:52:53 PM
thereby killing off fracking in the United States and preventing the drilling technique's spread to other parts of the world. It costs less than $10 per barrel to get oil out of the ground in most Middle Eastern countries, whereas production costs hover ...
U.S. Oil Drilling Retreat Deepens as Rigs Hit 3-Year Low
Bloomberg - 3/7/2015 3:30:03 AM
The cuts have yet to eat away at U.S. oil production, which has kept climbing ... competition from the Organization of Petroleum Exporting Countries, which accounts for about 40 percent of the world’s oil and has refused to curb output.
Here is what's going on with oil right now
Stockhouse - 3/6/2015 4:45:49 PM
... that would have sent production around the world falling... but it didn't. North American oil production rose 2% from 2008 to 2009. And it wasn't just North America... many other oil-producing countries ramped up production, too. Russia increased ...
Falling oil prices a mixed bag for international relations
Fuel Fix - 3/6/2015 10:12:06 AM
“This raises the risk of instability in many parts of the world,” said Michael Moran ... behind the decision of the Organization of the Petroleum Exporting Countries to keep oil production constant, even in the face of falling prices.
Saudi Arabia: Don't blame us for oil's big plunge
CNN Money - 3/4/2015 7:39:59 PM
Saudi Arabia's refusal to cut production, especially when oil hit around ... OPEC, which was founded in 1960, is led by some of the most influential oil producing countries in the world, including Saudi Arabia, Qatar, Iran and the United Arab Emirates.
U.S. Oil Prices Slip as Dollar Rises
Wall Street Journal - 3/5/2015 3:21:06 PM
China, the world’s second biggest oil consumer ... has been mired in violence in recent weeks leading to a large fall in its oil production. The North African country is pumping about 500,000 barrels of crude oil a day, less than one-third of its ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping a barrel of oil ... countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
Africa: Regional Countries Seek Investors in Petroleum
AllAfrica - 3/5/2015 10:59:14 PM
This, he said, would help promote investment in the oil and gas sector by demonstrating to the world the potential that lies within the region. Regional priorities, according to Murekezi, should be on exploration, production, refining, storage and pipeline ...
Oil climbs to $61 on Mideast supply concerns
investing.com - 3/6/2015 8:39:03 AM
SINGAPORE (Reuters) - Brent crude oil rose to ... between Iran and world powers could result in a flood of Iranian crude returning to the market. Iran's foreign minister has suggested a 10-year moratorium on some aspects of the country's nuclear program ...
FACT CHECK: Lindsey Graham is wrong on oil prices
Des Moines Register - 3/5/2015 7:21:29 AM
Data clearly show that world oil supplies have exceeded worldwide demand ... The Organization of Petroleum Exporting Countries, or OPEC, had an opportunity to cut back production in November to address that supply glut, but elected not to.
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... 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 ...
World Bank projects 7pc growth rate
Kenya Broadcasting Corporation - 3/5/2015 11:46:21 AM
The World Bank projects that Kenya is set to become one of the fastest-growing economies in East Africa, with a growth rate of 6 percent this year and 6.6 percent in 2016. The World Bank says the growth would be driven by falling oil prices and bigger ...
The countries slammed worst by plunging oil prices
CNBC - 12/5/2014 5:57:56 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production ... in countries which are net oil importers," he added. "Consumers will spend at least half the money they gain from the fall in oil prices."