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, 2014See also: Oil - production map
U.S. Leads Globe in Oil Production for Third Year
Climate Central - 5/23/2016 8:16:33 PM
The U.S. led the world last year in producing both oil and gas ... Government estimates show that crude oil production has continued to grow across the country, from nearly 8 million barrels of oil per day in 2008 to about 15 million in 2015.
Oil at a turning point – no, really
The Christian Science Monitor - 5/23/2016 5:31:54 PM
Not the Organization of the Petroleum Exporting Countries (OPEC ... enough demand in 50 years?’ ” Production is growing, but world demand, fueled by low gasoline prices, is growing even more. As a result, the oil glut is shrinking.
Oil’s Downfall Aided by Rise of Fracking
Value Walk - 5/23/2016 4:10:11 AM
Still, major projects across the world — which were initiated when oil was above $100 a barrel — started to come online, pushing production higher despite falling prices. The Organization of the Petroleum Exporting Countries, a global cartel ...
Can Venezuela Affect Global Oil Prices In The Coming Time?
Seeking Alpha - 5/23/2016 1:47:01 AM
With vigilante violence spread across the country, things have become so bad in Venezuela that common people are struggling to get even basic amenities like food, medicines and electricity. Venezuela has the world's largest proved oil reserves Many are ...
Tankers Facing Pressure amid Nigerian Oil Export Disruptions
World Maritime News - 5/23/2016 8:13:34 AM
Africa’s largest oil producer has seen its crude oil production and exports slashed as a result of the outages pushing down the country’s oil production below 1.5 mb/d. What is more, Qua Iboe Terminal, Nigeria’s largest crude oil stream ...
Saudi Arabia to increase oil production
NYSE Post - 5/23/2016 10:51:03 AM
Aramco boasts the world's largest oil reserves ... the 80-year-old Ali al-Naimi, who led the country's oil ministry for nearly 21 years, has been relieved of his duties. Iran is in the process of boosting production following years of burdensome sanctions ...
Oil prices dip after Iran says it won’t freeze output
Inquirer - 5/23/2016 5:00:17 AM
Iran only returned to world oil markets in January after the lifting of ... government have issued no policy or program to halt the increase in production and exports and so, the country’s plans to increase crude output continues,” he added.
EIA: U.S. remains world’s top oil and gas producer, ahead of Russia and Saudi Arabia
talkbusiness.net - 5/23/2016 6:29:10 PM
Even with the price of crude oil ... the world’s top producer of petroleum and natural gas hydrocarbons in 2015, according to U.S. Energy Information Administration estimates released today (May 23). U.S. petroleum and natural gas production first ...
Saudi Arabia to maintain 'stable' oil policies
Go Daddy - 5/23/2016 12:16:57 PM
Some officials at the Organization of the Petroleum Exporting Countries said that could mean a deeper politicization of oil-production strategy as the ... Saudi Aramco is considered to be world's leading oil company, with an estimated valuation of $2 ...
One chart from Goldman Sachs shows why the oil industry is trapped
Yahoo Finance - 5/23/2016 2:32:57 PM
"In the rest of the world, projects and countries have to compete for ... as countries compete for share through low-cost production, it seems as if the supply glut is going to stick around for a while, and oil is unlikely to make it out of the $50-60 ...
Porter's Five Forces Model for the Oil & Gas Industry
Oil Voice - 5/23/2016 4:06:00 PM
OPEC nations own at least 70% or the world's oil proven reserves ... to become importers of oil due to the fall in oil production because in the case of Mexico the oil and gas sector of this country was close to the international oil companies until ...
Oil Slips on Supply Concerns
The Wall Street Journal - 5/23/2016 12:02:38 PM
Oil ... production down by around one million barrels a day. Analysts have also talked about the potential for increased supply out of Libya. Libya’s state-run National Oil Co. on Friday said that a 660,000 barrel cargo had sailed from a port in the ...
The Explosive Growth Of U.S. Oil Reserves
Forbes - 5/23/2016 8:27:53 AM
In 1980, proved reserves in the U.S. (according to the BP Statistical Review of World Energy) were 36.5 billion barrel. At the 1980 rate of U.S. production ... has an enormous heavy oil resource in the Orinoco region of the country. But this oil is ...
Saudi state group to pump more oil ahead of world's biggest listing
Skyliner - 5/23/2016 4:10:11 AM
Meanwhile, Saudi Arabia said that it would boost production in 2016 through its Shaybah oil field run by ... annual level on record. The country's flagship company pumps some 10.3 million barrels per day. Saudi Arabia, the world's biggest oil exporter ...
Saudi Aramco Poised To Boost Oil Production Even Further
iNews Today - 5/23/2016 5:21:46 AM
Saudi Arabia, the world's biggest oil exporter, plans "significant growth" in output in 2016 and further worldwide expansion, the head of the country's state-run producer ... disclosed plans to increase the oil production in order to meet the rising ...