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
China's Oil Collapse Is Unintentionally Helping OPEC
Bloomberg - 1/17/2017 7:15:01 PM
Brent crude, benchmark for half of the world’s oil, averaged about $45 a barrel ... output as much as expected because of high production costs, said Bernstein’s Neil Beveridge, who forecasts the country will pump 4 percent less this year.
Saudi Arabia’s oil minister says it will take time for U.S. production to recover
Market Watch - 1/17/2017 7:40:39 AM
The Organization of the Petroleum Exporting Countries and other low-cost producers decided late last year to reduce their production ... Read: Oil prices push higher after upbeat comments from Saudi energy minister However, speaking at the World Economic ...
Asia-Pacific oil production declining at record levels: Wood Mackenzie
hellenicshippingnews.com - 1/17/2017 10:21:08 PM
Oil production in Asia-Pacific is declining at a rate not seen elsewhere in the world, with around half of losses coming ... a rebound as the Organization of the Petroleum Exporting Countries (OPEC) and other producers move to implement a supply cut ...
Three countries may cut oil output beyond agreed level
myhealthbowl.com - 1/16/2017 10:36:38 PM
Speaking at the same conference earlier this week, Khalid al-Falih, energy minister for Saudi Arabia, told delegates that the world may run short of oil ... Countries in May at their bi-annual meeting in Vienna to assess the market and the group's ...
Brent oil falls as investors await signs of production curbs
worldoil.com - 1/17/2017 10:42:36 PM
Many countries are “going the extra mile” in making deeper production cuts ... global storage of oil, close to a billion barrels,” Allman-Ward said Tuesday in a Bloomberg TV interview with Francine Lacqua at the World Economic Forum in Davos ...
POLL-Russian oil output seen reaching new highs in 2017
Reuters - 1/17/2017 8:02:08 AM
Russian oil output seen at 11.05 mln bpd in 2017 * Production ... Countries (OPEC) and other oil producers, led by Russia, agreed last month to cut their oil output during the first six months of the year to prop up prices. Russia, among the world's ...
Saudis see no need to extend OPEC production cuts beyond six months
Canal CNC Arauca - 1/16/2017 9:39:22 PM
Proof of cuts to oil production by OPEC and non-OPEC countries ... the first such collaboration between Opec and non-Opec countries since 2001. The discrepancy between the notion that the world is drowning in oil inventories that will take years to ...
NM oil patch outlook
ABQJournal - 1/16/2017 7:06:03 AM
most local producers remain wary about the prospects for open recovery in the state’s oil patch. A recent agreement by the Organization of Petroleum Exporting Countries and other foreign producers to cut world production about 2 percent, or nearly 2 ...
Iraq cuts oil production by 170000 barrels per day
baddgoddess.com - 1/15/2017 7:14:24 AM
The Organisation of Petroleum Exporting Countries and 11 other producers ... which sent prices spiralling and battered the economies of producing nations around the world. Since the deal was announced, oil prices have risen by more than 15%, but they ...
MARKET WATCH: Saudi comments lift crude oil prices on jittery world markets
Oil & Gas Journal - 1/17/2017 4:01:44 PM
Saudi Oil Minister Khalid al-Falih told reporters in UAE that he expects the world oil oversupply ... Saudi will adhere strictly to its oil production reduction commitment. The Organization of Petroleum Exporting Countries and some members outside OPEC ...
With OPEC Meetings Looming, Here’s Where Oil Production Cuts Stand
ETF Daily News - 1/17/2017 9:20:52 AM
In the meantime, the world is watching closely and hanging onto every ... Saudi Arabian Energy Minister, Khalid Al-Falih, late last week confirmed that the country had reduced oil production to less than 10 million barrels a day. This is lower than the ...
Oil's Surprise Strength Is Speeding OPEC Goal, Saudi Arabia Says
perspectivabetica.com - 1/18/2017 5:59:15 AM
"Cuts by OPEC and non-OPEC countries have just started and it will take some time for them to filter through". "Iraq is committed to achieving producers' joint goals to control the oil glut in world markets". USA oil production has increased by almost a ...
Venezuela's Quagmire: Oil Production Set To Decline Further
Seeking Alpha - 1/17/2017 3:18:47 PM
Venezuela relies almost exclusively on its oil production to fund the government's socialist programs, and the fall in oil prices has brought upon the country an unprecedented ... It still costs the world much more than $55/barrel to produce what's needed ...
Oil Production Output Cut Target Missed, OPEC SG Optimistic
lasignare.com - 1/17/2017 3:08:39 AM
Non-Opec members led by Russian Federation have also agreed to cut output by 558,000 bpd, the first such collaboration between Opec and non-Opec countries since 2001. Saudi Arabia has suggested there will no extension of Opec's cuts in oil production ...
Record Russian Output Forecast, Rising US Production and Iraqi Compliance Concerns Point to Huge Oil Inventory Increases Later This Year
Ship Bunker - 1/18/2017 12:29:58 AM
According to a new Reuters poll of analysts and consultants, Russian oil production is expected to reach another post-Soviet record high in June of 2017 after the expiry of the Organization of the Petroleum Exporting Countries' (OPEC) deal to cut output ...