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
Here are the countries that generate most of their power from oil
The Business Insider - 3/30/2015 3:27:14 PM
For these countries, the case for shifting toward alternative sources of energy depends heavily on the price and supply of oil. In other places in the world, there's less of ... to utilize more than 20% of oil production by 2030. In such situations ...
The global oil price drop may last for the next couple decades, Stanford economist says
Stanford News - 3/30/2015 7:44:56 PM
Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries ... in the industrialized world and ever-advancing ...
Iran Reserves Again Coveted by Big Oil After Decades of Conflict
Bloomberg - 3/30/2015 9:00:41 AM
Now, as Iran and the U.S. enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again as ... Iran holds 10 percent of the world’s oil reserves -- putting it number four globally after Venezuela ...
Iran plans to raise steel production by 55mln tons
customstoday.com.pk - 3/30/2015 9:15:00 AM
Steel is a strategic commodity for the country of 75 million, which is also the Middle East’s biggest carmaker. It is fundamental to the Iranian society with its massive oil and ... iron ore production in Iran compared with the outside world.
Kurdistan has world's 8th oil and gas reserves
Kurdish Globe - 3/29/2015 3:42:44 PM
The reports reads that according to the latest OPEC report, Iraq has more than 150 billion barrels of proved reserves and more than 300 billion barrels of unproved reserves, which makes Iraq, the second largest oil country in the world after Saudi Arabia.
Forecast Of Oil Production by Country in 2015
topix.com - 3/30/2015 1:29:43 AM
Since the second half of 2014, oil prices have tumbled because of plentiful supply and a drop in global oil demand . Oversupply usually causes oil producing countries to cut back on production to stabilize oil prices, but this is not happening.
Oil prices drop on possible Iran deal, dollar
Reuters - 3/30/2015 8:53:32 AM
Few investors expect the Organization of the Petroleum Exporting Countries, which pumps around a third of the world's oil, to restrain production to help push up prices. Oil producers are much more focused on maintaining market share, analysts say.
Oil prices fall as Iran, world powers seek to break impasse on nuclear deal
IN - 3/30/2015 6:16:03 AM
Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal ... a return of Libyan production and weak economic data, especially from Japan and China, could further delay rising prices ...
In a low-price world, pain, but no panic, for small oil producers
Watch Dog - 3/30/2015 9:00:41 AM
“On the drilling side, there really isn’t much that’s economic here in the oil world at these prices,” Byrom said. “So we just have to look at our production and do ... Organization of Petroleum Exporting Countries, or OPEC.
U.S. Crude Oil Prices Drop on Possible Iran Deal
Fox Business - 3/30/2015 8:35:03 PM
Few investors expect the Organization of the Petroleum Exporting Countries, which pumps about a third of the world's oil, to restrain production to help push up prices, rather than maintain market share. (Additional reporting by Christopher Johnson in ...
US battles Opec as oil output growth beats 100 year record
investorintel.com - 3/30/2015 5:21:46 PM
America’s oil production has surged against a backdrop of volatile markets since the Organisation of Petroleum Exporting Countries (Opec ... of the EIA data comes as Iran appears poised to flood world oil markets with more crude should a nuclear deal ...
Byron Wien’s Views on Oil, Global Stock Markets
Barron's - 3/30/2015 7:16:18 PM
The United States spends more per pupil than only three other countries (Norway ... low for a prolonged period because of slow world-wide economic growth and increased production. Since the price of oil peaked, the rig count has declined from 1900 to ...
How the conflict in Yemen is impacting the oil market
The National - 3/30/2015 2:37:08 PM
World benchmark North Sea Brent crude ... of oil and 17 trillion cubic feet of gas. However, the country is a relatively small oil and gas producer and the conflict is adding to a decline in production. Its average production last year was 130,000 barrels ...
Oil drops on possible Iran nuclear deal
Ya Libnan - 3/30/2015 2:29:58 PM
Few investors expect the Organization of the Petroleum Exporting Countries, which pumps around a third of the world’s oil, to restrain production to help push up prices. Oil producers are much more focused on maintaining market share, analysts say.
Dawn - 3/30/2015 1:44:02 AM
It is classified as an upper middle income economy by the World Bank. However, the declining trend in oil prices globally, affecting its revenues and the economy and the country’s GDP ... plans to increase industrial production by attracting investment ...