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
Oil Price Tops $50 As Canada Fires Fuel Recovery
Lucena Informacion - 5/28/2016 1:01:07 PM
World oil prices dipped Friday, with traders taking profits after crude rose above the psychological $50 level this week on evidence of a fall in supplies. Wildfires in Canada are reported to have slashed a quarter of the country's oil production by about ...
Oil faces struggle to keep above $50
Gulf News - 5/28/2016 1:01:07 PM
Traders are now eyeing next week’s meeting of the Organisation of Petroleum Exporting Countries (Opec) in Vienna to discuss world production levels. “There is probably a sliver of hope that Opec producers will hammer out an agreement to support oil ...
Libya’s Economic Crisis: Bringing the Oil Sector Back on Track
The Jamestown Foundation - 5/27/2016 5:45:39 AM
Getting Libya’s economy back on track is fundamental to the country’s future ... Real GDP shrank by 10 percent, according to World Bank figures, having dropped by 24 percent in 2014. In 2015, oil production fell to 0.4 million barrels per day (bpd ...
Who Are the Niger Delta Avengers, Nigeria's New Oil Militants?
News Week - 5/27/2016 1:30:56 PM
The upsurge in attacks by the group has coincided with a dramatic fall in oil production ... African country’s most vital industry. Recent events suggest that the NDA is likely to pose an economic, as well as a security, threat to one of the world ...
Italy: New GE Oil & Gas Plant Employs First Fully Automated Production Line, Operated by Robots
3dprint - 5/25/2016 11:56:05 PM
3D printing is taking the world by its ... for low batch production—or best of all, that affordability factor. When it comes to self-sustainability, we often discuss that in terms of positive benefits for developing countries as they begin using and ...
Trump talks energy in anxious oil country
Tri-County Sun Times - 5/27/2016 9:01:55 PM
Trump called him "one of the great oilmen of the world". Until Thursday, Trump had been short on details of his energy policy. Moratoriums on energy production in federal areas will be lifted. The GOP candidate said he'd undo some of Obama's efforts ...
US Crude Oil Exports: Exaggerations Giving Way To Market Reality
Forbes - 5/27/2016 5:05:41 PM
Despite impassioned lobbying by exploration and production ... market as every other country in the world. So, when the ban was lifted, E&P producers were generally pleased with it. However, macroeconomic permutations of a lower oil price meant benefits ...
Oil surges past $50 for first time in 7 months
Ecommerce Journal - 5/28/2016 6:05:56 AM
USA oil production is down about 500,000 barrels per day ... Traders are now eyeing next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna to discuss world production levels. Against this improving backdrop, analysts ...
End of glut fuels oil price recovery to above $50 a barrel
Senegal Actu - 5/28/2016 5:30:09 AM
indicating strong demand in the world's top oil consumer. However, there are signs that some companies will ramp up production in response to the recent rally. In Nigeria, attacks by militants in Niger Delta region cut the country's daily output by 800,000 ...
Opec forced to accept new reality on oil prices
The National - 5/28/2016 6:34:34 AM
Other Arabian Gulf countries are also seeking to increase production capacity ... many extra barrels being produced and it is clear the centre of gravity of the world oil market will shift towards the region. This reality will weigh heavily in the ...
How Will Oil Traders Respond To The $50 Price Level
bilbaoya.com - 5/28/2016 10:02:10 AM
LONDON (AP) - Stock markets around the world ... the rise in oil prices to $50 a barrel for the first time this year as a positive sign for the global economy. An uncontrollable wildfire in northern Alberta has reduced Canada's oil production by more ...
Turnaround for ND economy? Oil prices break $50 barrier
Quadrangle - 5/27/2016 4:29:54 PM
"We will resort to any move to regain Iran's lost share in the oil market and increase the country's production to four million bpd", Zangeneh has been quoted by the media as saying. But OPEC member Iran, which only returned to world markets in January ...
Brent oil pushes above $50 for first time in nearly seven months
The Spectrum - 5/28/2016 8:14:47 AM
In what could be an important milestone for the world energy markets, oil prices have crossed ... these shortfalls are being offset by increasing production by members of the Organization of the Petroleum Exporting Countries. Ric Spooner, chief market ...
Oil prices over $50 a barrel for first time in 2016
tjcnewspaper.com - 5/28/2016 6:41:44 AM
Meanwhile, data from the U.S., the world's largest oil consumer, on Wednesday showed ... of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna where it is hoped a deal on reducing production can be reached. Short-term disruptions ...
Expect OPEC to keep its long view on oil production
topix.com - 5/28/2016 3:52:55 PM
Crude oil is close to a seven-month high as the world's biggest club of energy producers meets in the week ahead. On Thursday, oil ministers from OPEC's 13 member countries are scheduled to meet in Vienna to talk about oil production.