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
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 3:06:35 PM
It said it has uncovered more than 1 billion barrels of oil in Uganda since operations began and most of that was in the country's Lake Albert basin. Once production begins, the World Bank estimates Uganda could bring in up to $2 billion per year in revenues.
The Clock Is Ticking On Venezuelan Oil Production
Seeking Alpha - 6/24/2016 1:33:31 PM
The clock is ticking, it is only matter of when Venezuelan oil production will meet a steep ... gasoline prices in Venezuela are the lowest in the world, zapping any profits that would be made for the countries coffers. Since the government is subsidizing ...
Nigeria's Dangote shifts focus from cement to oil and gas
Reuters - 6/24/2016 11:31:50 AM
LAGOS (Reuters) - Africa's richest man, Aliko Dangote, plans to launch Nigeria's first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries ... arm of the World Bank, has ...
World commodity prices plummeting
Supply House Times Magazine - 6/23/2016 2:46:18 PM
When analyzing this particular time period from a global perspective, it will be designated as a timeframe when the massive commodity-producing undeveloped and developing countries were ... in the Mideast (the world’s oil production center), it also ...
Nigeria's Oil Revenue Dropped By U.S.$35 Billion in 2015
AllAfrica - 6/24/2016 11:39:00 AM
Other highlights of the report showed that in 2015, world crude oil production increased by 1.75 million barrels/day (mb/d), or 2.4 per cent, compared with 2014, marking the second-highest increase within the last 10 years. Among non-OPEC countries ...
CAPP Annual Oil Forecast Shows Canada Needs New Major Oil Pipelines
Market Watch - 6/23/2016 7:58:16 AM
CALGARY, ALBERTA, Jun 23, 2016 (Marketwired via COMTEX) -- CALGARY, ALBERTA--(Marketwired - Jun 23, 2016) - Forecasted growth in Canadian oil production ... build our country's economic prosperity and help Canada meet the world's growing energy needs."
Canada oil output to jump 28pc by 2030, transport an issue
Business Recorder - 6/23/2016 7:03:59 PM
"Canada has great trading relationships with different countries already and energy is a big ... citing the impact it could have on climate change. Production from Alberta's oil sands, the world's third-largest crude reserves and No. 1 source of US oil ...
How Will Brexit Affect Oil Prices? Market Takes A Hit After EU Referendum, But It’s No Long-Term Blow
International Business Times - 6/24/2016 2:52:16 PM
Attacks on Libya’s key production facilities has delayed the country’s attempts to restore oil ... the Paris-based energy agency said in its monthly oil market report last week. The world’s oil markets won’t be completely immune to any financial ...
ExxonMobil under investigation over lucrative Nigerian oil deal
The Guardian - 6/23/2016 9:12:50 PM
Exclusive: documents obtained by the Guardian show Nigerian agency looking into 2009 lease agreement for country’s ‘Crown Jewels ... documents obtained by the Guardian. Exxon, the world’s largest oil company, secured the lucrative oil rights ...
Venezuela's oil production drops as economic crisis bites
Reuters - 6/14/2016 1:38:14 PM
Output in the country, which has the world's largest oil reserves, dropped to 2.37 million barrels ... Energy consulting firm IPD Latin America caused waves earlier this year when it predicted production could slip to 2.35 million bpd this year, a figure ...
EFCC Probes ExxonMobil Over $3.75bn Oil Deal
Sahara Reporters - 6/24/2016 2:09:19 PM
ExxonMobil, the world’s largest oil company, was said to have ... close to a third of Nigeria’s crude oil production of about 1.8 billion bpd, according to the Organisation of Petroleum Exporting Countries. Sunrise Power & Transmission, which was ...
Oil futures fall as global growth, Brexit concerns weigh
牛讯网 - 6/24/2016 11:06:11 PM
In its report, OPEC attributed the recovery to a myriad of factors, including a weaker dollar, falling production in the United States and forecasts of a sharp fall in non-OPEC oil supply this year, partly due to disruptions in some producer countries.
Guest commentary: Independents’ day dawns for oil industry
Fuel Fix - 6/23/2016 2:53:27 PM
A couple of weeks ago, Mexico continued the historic opening of its energy markets to the world with ... exploration and production with companies other than government-owned Petróleos Mexicanos. Besides Pemex, 28 companies from seven countries now ...
Oil price unlikely to rise much further, global agency says
Potinet! - 6/24/2016 9:37:18 AM
Oil Extends Losses as U.S. Rigs Drilling for Crude Rise 2nd Week OPEC forecasts that the world ... Countries (OPEC) earned about $404 billion in net oil export revenues (unadjusted for inflation). Rebel attacks on oil installations cut Nigeria's production ...