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
America's biggest oil boom came under Obama
CNN Money - 7/21/2016 6:16:28 PM
Related: World's top oil producers Prices have recently collapsed by more ... "Unless you had a sustainable rise in demand and reductions from other countries, doubling production would just add to that oversupply," said Piazza. --CNN's Chris Isidore ...
Busting Media Myths On Peak Oil
Oil Price - 7/22/2016 5:36:30 AM
That world oil production continues to eke out small gains is due entirely to production from unconventional sources not included in Hubbert's models. But those sources have shown themselves to be exquisitely sensitive to price. In the two countries best ...
U.S. oil production falls; global demand climbs
Oklahoma News - 7/22/2016 5:07:52 AM
Still, oil production is declining in the United States and globally ... While supply and demand are approaching equilibrium, the world and country still have record levels of oil in storage. "Although stocks are close to topping out, they are at such ...
Goldman Sees Russian Oil Output Topping Soviet Record by 2018
Rigzone - 7/20/2016 2:42:54 PM
Russia, the world’s biggest energy exporter, signaled in April it would boost oil production and shipments after OPEC failed to adopt a plan to ease a supply glut. Rosneft PJSC will likely lead growth over the period through 2018 as the country’s ...
Russia's energy minister rules out coordination with OPEC on oil production
Seeking Alpha - 7/20/2016 10:10:53 AM
Russian Energy Minister Alexander Novak scuttles any hope that the world's biggest oil producers would coordinate on output to stem global oversupply, telling Reuters that the country is not ... rather than on coordinating production.
The Peak Oil Paradox - Revisited
zerohedge.com - 7/19/2016 5:54:23 AM
... increased in 27 countries and decreased in the other 27 countries. One thing we can say is that despite prolonged record-high oil price, production still fell in half of the world’s producing countries. We can also see that in about half of these ...
Nigeria’s Oil Sector Deeply Challenged By Fiscal Policies, Vandalism
Leadership - 7/21/2016 3:00:13 AM
In its mid year assessment,International Energy Agency (IEA) noted that as this year began, crude oil prices were stuck at their lowest level in twelve years. The world seemed to be ... have cut into Canada’s oil production this year, with some companies ...
UN Security Council calls for restoring oil production in Libya
China - 7/23/2016 6:18:16 AM
The UN Security Council on Friday called on Libya to restore oil production to bring in revenue to enable the government to provide essential services in the country. In a press statement issued here, the 15-nation council urged the Libyan Presidency ...
Nigeria urgently needs to tackle corruption and theft in its oil industry
worldfinance.com - 7/21/2016 8:29:29 AM
The result, according to OECD data, is a landmark 20-year low in oil production ... Some oil-exporting countries, such as Norway, score among the least corrupt in the world.” It’s no secret that the oil price collapse has been felt keenly across ...
Why Oil Prices Might Not Rebound Until 2019
NASDAQ - 7/20/2016 8:16:22 AM
But according to energy consultants Douglas-Westwood, prices will remain where they are now until about 2019, when offshore oil production will finally peak ... as virtually every country that has any gas reserves will be pushing for a piece of the ...
Saudi Aramco boss says drilling, IPO unaffected by oil price
worldoil.com - 7/21/2016 5:44:51 AM
JUBAIL, Saudi Arabia (Bloomberg) -- Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s CEO said, signaling that the world’s biggest oil exporter will ...
India eyes oil demand growth top spot
Financial Times - 7/22/2016 11:05:47 AM
India’s oil minister has spent the past week in the US courting the world’s biggest energy companies for investment and touting the country’s expanding economy ... petrol stations and even exploration and production, says Mr Pradhan, even though ...
Nigeria’s dwindling energy fortunes
Vanguard - 7/23/2016 3:15:08 PM
The challenges confronting the Nigerian petroleum industry have started to take its toll on the economy of the country ... decline in oil revenue on the fall in receipts from crude oil and gas exports owing to shut-downs and shut-ins in production arising ...
Oil States International Inc. (OIS) Stock Rating Lowered by Zacks Investment Research
Ticker Report - 7/19/2016 5:50:12 PM
With locations around the world, Oil States is a leading manufacturer ... services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling ...
Venezuela Might Be Worse Country In Latin America, But Its Bonds Look Great
Forbes - 7/21/2016 11:35:36 AM
Venezuela might be the worst country in all of the Americas ... or shutting the doors to the world. The good news: Venezuela is fundamentally solvent. If Saudi Arabia’s state owned oil firm ARAMCO is worth about $3 trillion with some 310 billion of ...