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
OPEC, Foreseeing No Glut, Keeps Oil Production Level Steady
New York Times - 12/4/2013 3:39:20 PM
The other member countries are Algeria, Angola, Ecuador ... these levels there is no issue for them to react to,” said Seth Kleinman, an analyst at Citigroup who was also in Vienna. But OPEC could face challenges going forward.
World Depends on Two Countries for Increase in Oil Production
OilPrice - 11/11/2013 11:59:04 PM
Yet, the IEA believes that over half of this production will come from two countries: Iraq and Brazil. First, let’s take Iraq. Iraq has the fifth largest oil reserves in the world at 141 billion barrels and there are high hopes that it can ramp up ...
20 countries seeing biggest increase in oil production
Rediff - 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 ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
The following provides estimates of the cost of running a field for OPEC members and other individual countries, obtained from traders and industry analysts. It also gives the International Energy ... the world: Oilfields Estimated Production ...
At OPEC meeting, Iran says it plans oil production hike if sanctions are lifted
Washington Post - 12/5/2013 1:33:28 AM
VIENNA — Iran indirectly challenged OPEC kingpin Saudi Arabia on Wednesday, announcing plans to pump as much oil ... six world powers meant to ensure that its atomic activities cannot be used to make weapons. It also raised the prospect of a production ...
Flavor Your Life Discusses the World Production Rates of Olive Oils, Including Australian and Organic Olive Oil
Virtual-Strategy Magazine - 12/6/2013 8:20:19 AM
For the year 2011/2012, it was estimated that the world production of olive oil would ... The rates of olive oil production in other Mediterranean countries are also expected to grow. The production in Tunisia, for example, is expected to ...
Top 10 oil and gas producing countries in 2012
mining.com - 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 ...
OPEC Maintains Crude-Production Target at Vienna Meeting
Bloomberg - 12/4/2013 10:10:03 AM
OPEC, content with current oil price levels, agreed to keep the group’s crude output ceiling unchanged at least until June even as Libya, Iran and Iraq plan to increase exports in coming months. Maintaining the 30 million-barrel-a-day target ...
World Olive Oil Consumption Slips, Production Rebounds
oliveoiltimes.com - 10/8/2013 1:40:49 PM
The IOC said that among its other member countries, production is forecast to be higher ... but the IOC’s provisional data puts last season’s world olive oil production at about 2.5 million tons – down by just over a quarter on 2011/12’s record ...
IEA: US Will Be World's Biggest Oil Producer by 2015
Voice of America - 11/12/2013 2:39:32 PM
The International Energy Agency (IAE) says that by 2015, the United States will surpass Saudi Arabia and Russia as the world's biggest oil producer and is on track to become energy self-sufficient in two decades. The IEA said Tuesday that for the next 10 ...
Has the World Already Passed “Peak Oil”?
National Geographic - 11/8/2010 11:59:37 PM
In this scenario, crude oil production "never regains its all-time peak of ... (Related: “The End of Cheap Oil”) IEA was set up by most of the world's industrialized countries after the 1970s world oil crises to analyze the world’s energy situation ...
How Growing US Oil Production will Affect the World
OilPrice - 12/4/2012 12:04:59 AM
There was high hope that a small group of countries—Brazil, Russia, Iraq and Kazakhstan, or the BRIKs—would “redraw the world’s oil map by boosting their production over the next two decades,” says the Financial Times. However, the newspaper ...
Texas pumping more oil than some OPEC countries
fuelfix.com - 7/9/2013 11:56:59 PM
There are 835 drilling rigs at work in Texas — about 25 percent of all rigs in the world, according to the latest Baker Hughes rig count. As a whole, the United States produced 221 million barrels of crude in April, with more than a third coming from Texas.
Region’s oil producers need prudence on new capacities
Gulf News - 12/8/2013 10:05:19 AM
The thrust of the report is termed ‘New Policies Scenario’, where current policies are rated by what is to come as legislation as well as commitments and plans of countries and regions ... $110 a barrel for more than two years and forecast to rise ...