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
Why Angola May Be the Next OPEC Darling
The Motley Fool - 4/16/2014 3:53:24 PM
This article was written by Oilprice.com -- the leading provider of energy news in the world ... approximately 600,000 bpd in production. Angola's first commercial oil discovery coincided with Total's entry into the country. Angola became a member ...
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/16/2014 5:12:09 PM
... in both OPEC and non-OPEC countries do not use external auditors of reserves and do not publish detailed results. To act as a cartel and keep prices up, OPEC manipulates world oil supply by allocating crude oil production quotas among its members.
Has crude oil production already peaked?
The Christian Science Monitor - 4/16/2014 12:47:17 PM
The oil from deep shales (properly called "tight oil") is allowing production to grow in the United States even as production sinks elsewhere in the world. Other countries having shales containing oil will likely try to exploit them. But, the retirement ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
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Texas oil production in February hits highest level since 1980
Xinhua News Agency - 4/16/2014 8:03:57 PM
HOUSTON, April 16 (Xinhua) -- The United States' largest energy producer, Texas, pumped an estimated 2.75 million barrels of oil per day in February -- the most since 1980, showed a petroleum index released Wednesday. February crude production in the Lone ...
FACTBOX-Oil production cost estimates by country
Thomson Reuters - 7/28/2009 9:15:50 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
EIA: US Oil Reserves Jump On Shale, But Gas Tumbles In 2012
Rigzone - 4/10/2014 3:39:03 PM
Production in the world's largest oil consumer is booming thanks to shale oil and gas ... The boost in oil reserves reflects the buoyant U.S. energy industry, but it does not change the country's standing among the world's petroleum powerhouses.
Angola Moves Into Oil's Big Leagues
investing.com - 4/16/2014 9:29:51 PM
or roughly 3 percent of world crude production in coming years. That could drive the south-western African country from its 2012 ranking as the world’s 15th largest oil producer all the way to No. 3, ahead of Algeria, which produced 1.9 million barrels ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
Engineers meeting in Tulsa share technologies to boost oil production
Oklahoma News - 4/15/2014 1:14:07 AM
TULSA — Petroleum engineers from around the world are gathering here this week to share the latest advances in maximizing oil production ... more than 800 professionals from more than two dozen countries. Event chairman Sada D. Joshi said enhanced ...
Iran challenges US sanctions with plans to double oil output by 2018
Opalesque Hedge Fund News - 4/14/2014 3:52:47 AM
Iran has unveiled plans to double its oil production by the end of the decade ... currency reserves into developing its share of the world’s largest natural gas reservoir in the Persian Gulf. The country’s new oil minister, Bijan Zanganeh, has set ...
Malaysia at risk of falling behind in push for more sustainable palm oil
Mongabay - 4/17/2014 3:49:14 AM
The Malaysian state should play a more active role in supporting the transition toward less environmentally destructive palm oil production, says a coalition ... RHB Bank — which represent over half the country's banking sector and provide a substantial ...
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 ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
Oil-rich countries are increasing production to keep up with increasing demand around the world, especially in the emerging economies. Let's take a look at some nations that are witnessing biggest gain in production. Image: A taxi driver fills his cab at a ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
Here are the top countries with the biggest proven oil reserves ... Arabia last year to become the holder of the largest oil reserves in the world. However, annual oil production of the OPEC supplier is considerably less than the Kingdom.