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
Bragging rights: So who is the world’s top oil producer?
blogs.platts.com - 6/30/2015 4:26:57 AM
Earlier this month, BP’s latest Statistical Review unintentionally reopened a debate into whether the US has regained the crown as the world’s top oil ... forward measure of which country tops the leaderboard on oil output, BP’s widely-read yardstick ...
The Geopolitics of Lithium Production
Greentech Media - 6/30/2015 11:57:55 AM
No other country comes close to these four in terms of ... OPEC’s market share has shrunk somewhat in the last few years as U.S. oil production has climbed (the rest of the world’s production has remained steady or declined), but we can expect this ...
Current Oil Price Slump Far From Over
Oil Price - 6/29/2015 10:36:11 PM
The world crossed a boundary in which prices are ... Lower demand and continued supply growth from non-OPEC countries caused a production surplus beginning in 1982. Oil prices fell from $106 per barrel in 1980 to $31 per barrel in 1986.
Oil Stocks Hit Two-Year High in Europe Hub
Wall Street Journal - 6/30/2015 8:23:10 AM
LONDON—The amount of crude stored at the world’s largest oil-trading hub has hit ... could make the glut worse. American production hasn’t slowed appreciably, the Organization of the Petroleum Exporting Countries has ramped up output, and there ...
A Year of Lower Oil Prices: Crossing A Boundary
Oil Voice - 6/29/2015 1:46:28 PM
The world crossed a boundary in which prices are ... Oil prices must inevitably rise as unconventional production peaks over the next decade and oil-exporting countries increasingly consume more of their own oil. Politically driven supply interruptions ...
The Big Reason Our Oil Price Forecast Is Bullish
ETF Daily News - 6/30/2015 4:19:47 AM
Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling ... Organization of Petroleum Exporting Countries (OPEC) failing to cut production, and continued high U.S. shale oil production.
Iran sending oil directly to Syria is one huge reason that Assad regime still exists
Economic Times - 6/26/2015 8:27:55 AM
By Elena Holodny & Michael B Kelley The US Department of State confirmed last year that Iran sending oil directly to Syria after the country's production was bullwhacked by the civil war. And now, we've got some numbers. "New Bloomberg analysis of tanker ...
Will Opec gain with higher production?
Opalesque Hedge Fund News - 6/30/2015 2:25:15 AM
What is common between the production and marketing approaches of the 12-member Organization of the Petroleum Exporting Countries ... world’s three largest producers of iron ore - Vale, BHP Billiton and Rio Tinto? The fall in prices of crude oil from ...
Brazil A Victim Of Oil Prices And Its Own Hype
Yahoo Finance - 6/29/2015 9:53:14 PM
Just two years ago, Brazil confidently predicted that it would be able to double its oil production on the back of its pre-salt fields, allowing the country to produce 5 million ... most indebted oil company in the world, with total debt reaching $124 ...
Dick: Oil surplus gives U.S. security
Journal Record - 6/27/2015 12:19:58 AM
Thanks to surging American crude oil production, though ... has revolutionized our country’s energy future. In less than a decade, our nation has moved from a world of energy dependence to one of energy abundance. With our newfound natural resources ...
Congo Republic cuts budget by nearly 12 pct amid oil price drop
Reuters - 6/28/2015 8:25:32 AM
Congo Republic's parliament has voted to cut the current 2015 budget by nearly 12 percent to compensate for a sharp drop in world oil prices, according to the modified text seen by Reuters on Saturday. Congo is on track to reverse a decline in production ...
Tough Challenges for Developing Countries in 2015-2016 (1)
Sudan Vision - 6/27/2015 8:36:52 PM
The developing countries ... WB (World Bank) recent " The Global Economic Prospect' report, titled the ' The Global Economy in Transition". These challenges include the looming prospect of higher borrowing costs in a new era of low prices for oil and ...
What countries lose when oil prices drop
CNBC - 11/4/2014 3:11:17 AM
countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit. The price plunge comes as a slowing global economy cuts into the demand for oil. At the same time, expanded production—including rising output from ...
Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Bloomberg - 6/28/2015 11:56:07 PM
Crude oil ... the country. “Now is time to invest in exploration while we are at the lower curve of the cycle to reap the benefit when the prices rebound,” BowLeven CEO Kevin Hart said in an interview. “For the smaller exploration and production ...
China’s insatiable oil demand bodes well for region
Gulf News - 6/28/2015 9:08:29 AM
China never fails to impress as the most populous country is now the world’s manufacturing workshop ... Until the early 1990s China was a net oil exporter. In 1990 production was 2.774 million barrels a day (mbd) and consumption 2.320 mbd, according ...