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
Countries, Oil Companies Commit To Zero Flaring By 2030
Leadership - 4/18/2015 1:50:08 AM
Chief executives from major oil companies joined together yesterday with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the ...
Oil Firms, Nations Agree to End Gas Flaring
Wall Street Journal - 4/17/2015 5:07:35 PM
Andrei Lushin, World Bank Group Executive Director for Russia, said in remarks at the event that the country flares the most gas associated with oil production in the world. “That is a problem of course, but this is also a potential to achieve large ...
Countries and Oil Companies Agree to End Routine Gas Flaring
The World Bank - 4/17/2015 1:32:50 PM
... today with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the latest. Every year, around 140 billion cubic meters of ...
Oil prices fall as Organisation of Petroleum Exporting Countries' production soars and regional fears subside
International Business Times - 4/18/2015 11:51:26 AM
Oil prices fell in early trading ... after the Organisation of Petroleum Exporting Countries (Opec) said that its output surged in March, adding to a global glut. Opec said that its March production jumped 810,000 barrels per day (bpd), to 30.79 bpd ...
Oil prices fall for first time in seven days
Times of India - 4/18/2015 2:36:04 PM
The 12-member Organization of the Petroleum Exporting Countries (OPEC), which pumps about a third of the world's oil, reported Thursday that its production in March rose by 810,000 barrels per day to average 30.79 mbpd, above the cartel's quota.
Higher Oil Prices on the Horizon After Saudi Arabia Flexes Its Muscles
The Motley Fool - 4/18/2015 6:03:40 PM
After watching U.S. shale players and countries like Brazil, Angola, and Russia increase oil production and taking market share ... Internet One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make ...
Oil prices fall for first time in a week
Sky News - 4/18/2015 4:06:09 AM
The 12-member Organisation of the Petroleum Exporting Countries (OPEC), which pumps about a third of the world's oil, reported Thursday that its production in March rose by 810,000 barrels per day to average 30.79 mbpd, above the cartel's quota.
Crude Oil Futures (USO) Trade Down Following OPEC Report
bidnessetc.com - 4/17/2015 2:44:25 PM
In a report released on Thursday, the Organization of Petroleum Exporting Countries (OPEC ... Investors viewed the increase in crude oil production from the cartel that supplies around one-third of the world’s crude oil as a sign of the oversupply ...
World Bank Initiative To End Routine Gas Flaring By 2030
Law 360 - 4/17/2015 7:30:45 PM
Several major oil companies and countries have agreed to end the practice of routine gas flaring at oil production sites by 2030, according to a World Bank statement Friday announcing a new initiative that would lower global carbon dioxide emissions and ...
Brent crude oil prices fall as OPEC production soars
Money Control - 4/17/2015 2:08:37 PM
Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped ...
Oil price soars in mixed week for commodities
Yahoo News - 4/17/2015 8:13:42 PM
The Organization of the Petroleum Exporting Countries (OPEC) predicted that US crude ... The 12-member OPEC, which pumps around a third of the world's oil, saw its production in March rise by 810,000 barrels per day to average 30.79 mbpd, Ang said.
‘Nigeria can be leader in oil palm export’
Punch - 4/15/2015 11:57:59 PM
“Nigeria has the comparative advantage to be the world leader in oil palm production and export,” he said. According him, with the ISO certificate, the company becomes the country’s first palm oil processing, packaging and distribution firm to comple ...
OPEC’s War on Oil Prices Isn’t Just about Shale
NASDAQ - 4/18/2015 8:59:38 AM
A lot has been made of OPEC's decision last fall to keep its production steady ... has its voracious demand for oil. Not only that but stubbornly high triple digit oil prices have helped keep a lid on demand growth in the country. Because of this the ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual 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.
Platts Survey: OPEC Pumps 30.72 Million Barrels of Crude Oil Per Day in March
Platts - 4/17/2015 6:47:48 PM
Oil production from the Organization of the Petroleum Exporting ... Riyadh remained willing to work with other major oil producing and exporting countries to stabilize world oil markets and boost prices, which he expected would "improve in the near future."