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, 2014See also: Oil - production map
Saudi Arabia to trim oil production after summer
Market Watch - 7/29/2015 8:41:52 PM
RIYADH—The world's top crude-oil exporter, Saudi Arabia, is planning to pull back from record-high levels of production at the end of the summer ... told the Organization of the Petroleum Exporting Countries that it produced 10.56 million barrels a ...
CBN’s forex restriction to boost oil palm production, says Presco
The Guardian - Nigeria - 7/30/2015 12:45:15 AM
He attributed the company’s milestone achievement to handwork and resilience, maintaining that oil palm business is a long-term business and in spite of the harsh business terrain in the country ... achieved a total ffb production of 162,076 metric ...
Oil prices sinking – even without Iran
Daily News Egypt - 7/30/2015 5:34:34 PM
Despite Iran’s recent nuclear deal with world powers, the country might still take a considerable amount of time to ramp up its oil production. In order to increase crude output, Iran first has to invest in and modernise its oil production and transport ...
Oil prices will not fall lower – OPEC chief
RT - 7/30/2015 1:24:02 PM
"A number of countries do not want to do this, so OPEC decided to maintain the production volume ... the OPEC chief said the world market will be able to take up the volume of oil that will come from Tehran after the removal of sanctions.
The Oil Patch Will Rise Again
econintersect.com - 7/30/2015 4:48:38 AM
Not only did U.S. oil production grow faster than the output in Saudi ... for Economic Co-operation and Development (OECD) - the grouping of the world's developed countries. But demand growth in developing countries overwhelmed the declines in the ...
Saudi Arabia to Cut Oil Production Levels at the End of Summer - Presented by: The Aol. On Network
NASDAQ - 7/29/2015 9:03:21 PM
The world's number one oil exporter, Saudi Arabia, is planning to scale back oil production at the end of the summer ... According to reports, the country will slow its record-breaking output in response to domestic demands, as the need for air ...
Oil steadies as rising dollar balances stocks draw
Reuters - 7/30/2015 9:49:17 AM
[EIA/S] U.S. crude oil production fell 145,000 bpd in the week ... creating a huge oversupply and filling storage tanks around the world. The Organization of the Petroleum Exporting Countries pumped around 3 million barrels per day (bpd) more than demand ...
The nuclear deal is mostly about oil
Mining - 7/26/2015 11:58:42 PM
It also has the world's second largest reserves of natural ... percent in 2013/14 to $56 billion (Islamic Republic of Iran, Country Report, April 14, 2014). By May 2015, Iran's daily oil production had fallen from 4 million barrels in 2008 to just over ...
UPDATE 5-Oil rises after U.S. crude stocks draw
Reuters - 7/30/2015 4:05:41 AM
U.S. crude stocks down sharply; weekly U.S. production falls LONDON, July 30 (Reuters) - Oil prices rose on Thursday ... and filling storage tanks around the world. The Organization of the Petroleum Exporting Countries pumped around 3 million barrels ...
Uganda: World Bank Predicts Rise in Global Oil Prices
AllAfrica - 7/29/2015 11:30:41 AM
Kampala — The World Bank is pushing up its 2015 forecast for crude ... boosting foreign exchange earnings for oil exporting countries and high oil prices in net oil importing countries such as Uganda. Crude oil prices averaged $60.5 per barrel in the ...
What Really Determines Gasoline Prices for U.S. Drivers? New IHS Report Explains
WebWire - 7/30/2015 7:57:44 PM
Despite a boom in U.S. crude oil production that has lowered the price of U.S ... profitable growth and employs about 8,800 people in 32 countries around the world.
OPEC 'not ready' to cut production
Sky News - 7/30/2015 7:29:06 PM
OPEC says the oil ... world powers could create fresh tensions within OPEC, analysts say. The accord paves the way for the removal of sanctions and the gradual return of Iranian oil to the global market. The Organization of the Petroleum Exporting ...
OPEC chief says oil cartel 'not ready' to cut production
Yahoo News - 7/30/2015 1:31:11 PM
OPEC Secretary-General Abdullah El-Badri said on Thursday the oil producers' cartel is not planning to cut production despite the fall in crude ... following the landmark nuclear energy deal with world powers this month could create fresh tensions within ...
Oil prices have plunged nearly 20% this month
CNN Money - 7/28/2015 5:01:09 PM
The world still has too much ... currently pumping 9.5 million barrels of oil per day -- up by a million from a year ago. "The recovery only emboldened the shale crude oil producers. So you saw another surge of production," said Walter Zimmerman, chief ...
Oil Shouldn't Fall Further, Stability Seen in 2016: OPEC
NDTV - 7/30/2015 6:17:31 PM
Moscow: The Organization of the Petroleum Exporting Countries (OPEC) expects increasing oil demand to prevent a further ... largest producer in OPEC with one of the world's lowest costs, ramped up its crude production to a record in June.