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
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.
Oil prices fall as Iran, world powers seek nuclear deal
Win 98.5 - 3/29/2015 9:54:58 PM
SINGAPORE (Reuters) - Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to ... a return of Libyan production and weak economic data, especially from Japan and ...
Iran Reserves Again Coveted by Big Oil After Decades of Conflict
Bloomberg - 3/30/2015 3:17:06 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 ...
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.
Another Major Getting Out Of The Oil Sands Business
Oil Price - 3/29/2015 5:44:26 PM
PetroChina (NYSE:PTR), the Asian country ... s oil sands, which require high crude prices to be profitable. Related: Forget Rig Counts And OPEC, Media Bias Is Driving Oil Down The move includes an almost 10% cut in exploration and production spending ...
Oil Producers Sound Retreat From China
Wall Street Journal - 3/27/2015 11:20:15 AM
BEIJING—Global oil companies ... and-production strategy in China. It declined to provide a breakdown of its China spending this year. Shell says it remains committed to China and cooperating with PetroChina on projects around the world.
Iran oil to put pressure on prices as nuclear talks in critical stage
Gulf News - 3/28/2015 12:44:58 PM
holds the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves. The country’s oil production has declined over the years due to international sanctions. Justin Dargin, a global energy expert at the ...
U.S. oil storage crunch might cut crude prices
USA Today - 3/29/2015 1:48:13 PM
The USA has been producing more oil than it's consuming, filling up storage facilities.(AP Photo/Tulsa World, Michael Wyke ... That's likely to ripple across the country, analysts say. Although storage is available elsewhere, such as in the U.S. Gulf ...
Iran plans to quadruple steel production by 2025
Trade Arabia - 3/29/2015 7:57:27 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, the report ...
U.S. oil drillers scrambling to thwart OPEC threat
The Columbian - 3/29/2015 1:05:16 PM
The increase alone in daily U.S. production since 2008 — nearly 4.5 million barrels per day — is more than any OPEC country produces other ... boom that made the U.S. the biggest oil and gas producer in the world. The increase alone in daily U.S ...
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 ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
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 ...
Saudi Arabia, Kuwait to beef up oil security after Yemen strikes
Arabian Business - 3/28/2015 7:01:22 AM
Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could disrupt world ... oil production was about 100,000 barrels per day (bpd) in March 2014. The country ...
Indexology®: Hedging Geopolitical Risk With Oil
ETF Trends Setting The Pace - 3/28/2015 11:33:23 AM
As a notable example, in the early part of 2014, conflicts in Libya and Iraq led to temporary outages in their oil production, keeping world prices high, even as supply elsewhere in the world continued to ramp up. When production from those two countries ...