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
Has crude oil production already peaked?
The Christian Science Monitor - 4/16/2014 12:47:17 PM
The oil from deep shales (properly called "tight oil") is allowing production to grow in the United States even as production sinks elsewhere in the world. Other countries having shales containing oil will likely try to exploit them. But, the retirement ...
Obama Stymies Oil and Natural Gas Production on Federal Lands
Forbes - 4/16/2014 11:53:01 PM
While oil and natural gas production has surged on non ... and Norway produce– all countries with storied oil reputations – and explains why the U.S. is on track to be the world’s largest oil producer. Touting natural gas during this year’s State ...
Iran’s oil production rises 65,000 bpd in March: report
Tehran Times - 4/20/2014 9:32:15 PM
TEHRAN - Iran raised oil production ... Iran possesses the world’s fourth largest reserves of crude oil. An interim accord easing restrictions on insurance for Iran’s oil shipments and freeing up cash held outside the country in return for a suspension ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
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American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
... in both OPEC and non-OPEC countries do not use external auditors of reserves and do not publish detailed results. To act as a cartel and keep prices up, OPEC manipulates world oil supply by allocating crude oil production quotas among its members.
FACTBOX-Oil production cost estimates by country
Thomson Reuters - 7/28/2009 9:15:50 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 ...
OPEC's Oil Collapse
Energy and Capital - 4/18/2014 2:17:58 PM
Imagine how restrained oil exports out of the country will be if the fighting ... barrels of oil equivalent to its daily production. The Best Free Investment You'll Ever Make Our analysts have traveled the world over, dedicated to finding the best and ...
The World's Most Toxic Money Pit
Motherboard - 4/17/2014 7:55:36 PM
That's one understated way to describe the oil that some of the world's biggest companies ... effectively the GDP growth of the country," Fadi Farra, adviser to the Kazakh prime minister, said in March. Oil production, a bedrock of Kazakhstan's economy ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
Oil prices ease in March after February gains
CPI Financial - 4/20/2014 4:42:56 AM
World oil demand outlook The International Energy Agency ... Large declines in Libya cancelled out production gains in Saudi Arabia and other member countries. Following a notable recovery of almost 300 kbpd in the previous month, Libyan output slumped ...
Ghana's Oil Quagmire
AllAfrica - 4/19/2014 10:09:14 PM
As Ghana strives harder to escape the quagmire of oil curse which is the vile menace of oil and gas producing countries in third world countries across the ... country made from the start when oil and gas production licenses were issued to International ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
Oil-rich countries are increasing production to keep up with increasing demand around the world, especially in the emerging economies. Let's take a look at some nations that are witnessing biggest gain in production. Image: A taxi driver fills his cab at a ...
The fracking divide: Mexico’s oil frontier beckons U.S. drillers in wake of new law
Washington Post - 4/19/2014 9:47:46 PM
It is the glow of one of the most extravagant oil bonanzas in American ... s reserves of shale gas as the world's sixth-largest after China, Argentina, Algeria, the United States and Canada. A glut of gas production in Texas has pushed prices so low ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
Here are the top countries with the biggest proven oil reserves ... Arabia last year to become the holder of the largest oil reserves in the world. However, annual oil production of the OPEC supplier is considerably less than the Kingdom.