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
UPDATE 1-U.S. oil production on brink, say oil execs
Reuters - 10/6/2015 3:45:17 PM
World prices seen too low to support U.S. shale oil output LONDON, Oct 6 (Reuters) - U.S. oil production will start to decline soon ... after the Organization of the Petroleum Exporting Countries in 2014 changed strategy to protect market share against ...
US oil production on brink, say oil executives
Economic Times - 10/6/2015 9:57:31 PM
Delegates at the Oil and Money conference in London, an annual gathering of senior industry officials, said world oil prices were now too low to support US shale oil output, the biggest addition to world production ... Exporting Countries in 2014 changed ...
Oil prices jump after reports of tanking U.S. production
Fuel Fix - 10/7/2015 12:06:22 AM
Brent oil climbed to the highest level in a month amid speculation that falling crude production will ease the global supply ... nations outside of the Organization of Petroleum Exporting Countries are set to fall by half a million barrels a day next ...
Will Oil Prices Go Up In 2017?
Investopedia - 10/6/2015 2:26:33 PM
That figure constituted approximately 49% of total production in the United States, the world's largest consumer ... the world's largest reserves of oil, is also bleeding. It's foreign reserves are declining, and the country has also had to withdraw ...
Why lifting oil export ban can help U.S. foreign policy
Reuters - 10/6/2015 2:55:11 PM
The result has been a shift away from some traditional energy-producing countries — such as Russia ... More important, exporting U.S. oil and natural gas increases diversification within world energy production. Though energy security concerns can ...
Iran to Launch 50 New Oil Projects
Arutz Sheva - 10/7/2015 3:48:16 AM
Iran will introduce over 50 new oil exploration and production contracts in the near future, the head of the country's oil contracts re-negotiation ... since it struck a landmark nuclear agreement with world powers.
UPDATE 2-U.S. oil output on brink of "dramatic" decline, exec says
Reuters - 10/6/2015 5:25:30 PM
World prices seen too low to support U.S. shale oil output LONDON, Oct 6 (Reuters) - Oil executives warned on Tuesday of a "dramatic" decline in U.S. production that could ... of the Petroleum Exporting Countries in 2014 changed strategy to protect market ...
Oil Prices Extend Gains on Lower U.S. Production
NASDAQ - 10/6/2015 11:27:35 AM
Crude oil prices climbed higher in Asia trade Tuesday on signs of ebbing U.S. production and increasing willingness ... major oil producers in the Organization of Petroleum Exporting Countries to work together, especially with the smaller players, but ...
Oil edges above US$50 on speculation producers coordinating
Channel News Asia - 10/6/2015 2:12:14 PM
LONDON: Oil prices rose on Tuesday, heading for the first three-day gain in five weeks, on signals that the world's biggest producers of crude ... moving on speculation that OPEC and non-OPEC countries will find an agreement to cooperate," said Carsten ...
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. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
Shell CEO sees first signs of oil price recovery
THE PREFACE - 10/6/2015 8:02:59 PM
Traders were meanwhile awaiting Wednesday's report on U.S. commercial crude inventories, a closely watched indicator of demand in the world's top consuming nation. US crude oil production is ... of Petroleum Exporting Countries] at the same time can ...
Nigeria lost N757.44bn in transactions to other countries in Q1 of 2015
customstoday.com.pk - 10/6/2015 8:42:57 AM
This situation is informed by the dwindling fortunes of the country’s major export commodity, oil, in the international market, as well as the nation’s high propensity for foreign goods. The World Bank ... in manufacturing production also reflected ...
Volkswagen prepares for 'painful' changes; oil jumps on talk of output cuts - live
The Guardian - 10/6/2015 5:04:02 PM
Meanwhile energy shares have been lifted by a jump in the oil price after the US cut its output forecasts and suggested that production from non-Opec members ... The developed world PMI meanwhile also fell but, at 54.0 (down from 55.1 in August), remained ...
Alcatel-Lucent to deliver fiber optic submarine broadband connectivity to oil and gas production facilities offshore Angola
World Stage - 10/6/2015 9:40:13 AM
including its offshore oil and gas production facilities. Spanning 1,900 km, the SOOC undersea network will connect to landing points at four locations along the Angolan coast and will allow the country's oil and gas industry to benefit from very large ...
On our minds: Mayor race, oil companies
Great Falls Tribune - 10/6/2015 12:32:01 PM
Granted, this ban dates to the 1970s when many of the same voices were crying out against an oil embargo by Arab countries against the U.S ... in a momentous change of the U.S. position in world oil production, from dependence to self-sufficiency if ...