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
US Once Again the Swing Oil Producer: Whither Gas Prices?
Truth About Cars - 1/28/2015 11:56:14 PM
Despite a collapse in oil prices of 50 percent since summer’s end, Saudi Arabia, whose vast production capacity has enabled that country to modulate world oil prices by adjusting its output, “effectively resigned from that role,” Daniel Yergin wrote ...
How Has Energy Sector Been Affected By New Techniques In Unconventional Oil And Gas Production? – Analysis
Eurasia Review - 1/31/2015 3:50:05 AM
The development of unconventional oil and gas production has affected significantly ... including pipeline gas to Mexico and LNG to other countries, notably in Asia. It is still unclear how much US LNG will arrive in world markets. Nevertheless, the ...
Iraqi Oil Production Still Climbing, Despite ISIS Offensive
U.S. Airways - 1/30/2015 6:46:04 PM
(BAGHDAD) -- Even as the fight against ISIS continues in Iraq, the ongoing violence appears to have barely made a dent in the country’s oil production ... fifth largest proved crude oil reserves in the world, and it is the second-largest crude oil ...
Chevron Preview: Lower Oil Prices, Flat Production To Weigh On Upstream Earnings
Trefis - 1/29/2015 7:37:21 PM
... increase in crude oil production in the U.S., primarily because of increased tight oil development, imports by the world’s largest oil consuming nation have been declining recently. As a result, oil exporting countries like Saudi Arabia are looking ...
Falling oil prices and crop production boosts food security
cnbcafrica.com - 1/30/2015 4:51:32 PM
Falling oil prices and record crop production to improve food security. PHOTOS: icid The index considers the core issues of affordability, availability, and quality across 109 countries ... It added that, world soybean production will reach an all-time ...
Record harvests, falling oil prices bring more affordable food
Firstpost - 1/30/2015 7:36:10 PM
ROME (Thomson Reuters Foundation) - Record harvests and falling oil prices have ... three quarters of countries surveyed, according to data from the Economist Intelligence Unit (EIU). The new Global Food Security Index shows that world food prices dropped ...
12 brilliant responses to all the oil-related questions you need answers to
Market Watch - 1/30/2015 1:16:47 PM
How do you think the shift from importer to exporter will affect OPEC, Russia and the rest of the world ... curtail that production. So, no doubt, it’s unsettling for them. 5. In what ways are falling oil prices bad for oil exporting countries?
Saudi Arabia’s waiting game with oil
Gulf News - 1/30/2015 5:13:00 PM
The threats include traditional geopolitical rivals and the recent surge in oil production by non-OPEC rivals in North America and Eurasia. But more ominous in the long term is the threat of a global shift to renewable energy sources as countries seek to ...
Colombia Considers Measures to Aid Its Battered Oil Sector
Wall Street Journal - 1/30/2015 11:18:04 PM
But people with knowledge of the talks said possibilities on the table, which aim to mitigate the devastating effects of falling world oil prices on an important Colombian industry, include a reduction of the country’s stake in oil-company projects ...
Another View: When it comes to war, it’s all about the oil
New Haven Register - 1/30/2015 8:11:57 PM
At the time, the U.K. was one of the largest net oil importers in the world, as North Sea oil production only started in 1975. The country also had, via BP, a direct interest in the stability of the region. It may seem tempting to attribute U.K ...
Crude Oil: Refined products demand to help in market rebound
Commodity Online - 1/30/2015 2:49:50 PM
... rigs drilling for oil in this country and that means U.S. oil production will be on decline by the 4th quarter. In the last three years, only the U.S., Canada and Brazil have increased production. The rest of the world's oil production has been in ...
The countries slammed worst by plunging oil prices
CNBC - 12/5/2014 5:57:56 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production ... in countries which are net oil importers," he added. "Consumers will spend at least half the money they gain from the fall in oil prices."
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
US oil production surge to break Saudi Arabia's grip on world energy
Daily Telegraph - 11/7/2014 8:51:20 AM
The report comes as Saudi Arabia - the world's largest oil exporter - appears willing ... oversupply and uncertainty over the future production policies of the Organisation of Petroleum Exporting Countries (Opec). The group of 12 mainly Middle East petro ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/12/2013 11:22:05 PM
Oil prices will only rise moderately over the next 20 years according to estimates from the International Energy Agency. The IEA released the 2013 edition of its much-anticipated World Energy Outlook, which projects oil prices to rise steadily but slowly ...