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
Saudi Arabia to trim oil production after summer
Market Watch - 7/29/2015 8:41:52 PM
RIYADH—The world's top crude-oil exporter, Saudi Arabia, is planning to pull back from record-high levels of production at the end of the summer ... told the Organization of the Petroleum Exporting Countries that it produced 10.56 million barrels a ...
OPEC frets over oil price volatility
United Press International - 7/31/2015 11:06:50 AM
MOSCOW, July 31 (UPI) --The Organization of Petroleum Exporting Countries ... the oil market in the longer-term, a prerequisite for the continuity of timely and adequate investments." The increase in crude oil on the global market comes as the world's ...
Opec ‘not ready’ to cut production
Dawn - 7/31/2015 4:47:27 AM
MOSCOW: Opec Secretary-General Abdullah El-Badri said on Thursday the oil producers’ cartel is not planning to cut production despite the fall in ... following the landmark nuclear energy deal with world powers this month could create fresh tensions ...
Oil prices sinking – even without Iran
Daily News Egypt - 7/30/2015 5:34:34 PM
Despite Iran’s recent nuclear deal with world powers, the country might still take a considerable amount of time to ramp up its oil production. In order to increase crude output, Iran first has to invest in and modernise its oil production and transport ...
The Oil Patch Will Rise Again
econintersect.com - 7/30/2015 4:48:38 AM
Not only did U.S. oil production grow faster than the output in Saudi ... for Economic Co-operation and Development (OECD) - the grouping of the world's developed countries. But demand growth in developing countries overwhelmed the declines in the ...
Oil steadies as rising dollar balances stocks draw
Reuters - 7/30/2015 9:49:17 AM
[EIA/S] U.S. crude oil production fell 145,000 bpd in the week ... creating a huge oversupply and filling storage tanks around the world. The Organization of the Petroleum Exporting Countries pumped around 3 million barrels per day (bpd) more than demand ...
Oil prices will not fall lower – OPEC chief
RT - 7/30/2015 1:24:02 PM
"A number of countries do not want to do this, so OPEC decided to maintain the production volume ... the OPEC chief said the world market will be able to take up the volume of oil that will come from Tehran after the removal of sanctions.
Saudi Arabia to Cut Oil Production Levels at the End of Summer - Presented by: The Aol. On Network
NASDAQ - 7/29/2015 9:03:21 PM
The world's number one oil exporter, Saudi Arabia, is planning to scale back oil production at the end of the summer ... According to reports, the country will slow its record-breaking output in response to domestic demands, as the need for air ...
Oil Shouldn't Fall Further, Stability Seen in 2016: OPEC
NDTV - 7/30/2015 11:39:38 PM
Moscow: The Organization of the Petroleum Exporting Countries (OPEC) expects increasing oil demand to prevent a further ... largest producer in OPEC with one of the world's lowest costs, ramped up its crude production to a record in June.
Uganda: World Bank Predicts Rise in Global Oil Prices
AllAfrica - 7/29/2015 11:30:41 AM
Kampala — The World Bank is pushing up its 2015 forecast for crude ... boosting foreign exchange earnings for oil exporting countries and high oil prices in net oil importing countries such as Uganda. Crude oil prices averaged $60.5 per barrel in the ...
Oil price: Shell says downturn could last 'years' as it slashes jobs
The Week - 7/31/2015 11:35:28 AM
Iranian oil minister Bijan Zanganeh has said the country could quickly increase ... in response to the sharp downturn in oil prices. The world's biggest exporter has been steadily increasing its production, hitting 10.6m barrels a day in June, the highest ...
Oil prices should not fall further — OPEC's Badri
Jordan Times - 7/30/2015 9:45:06 PM
Saudi Arabia, the world's top oil exporter and largest producer in OPEC ... long rally and the Organisation of the Petroleum Exporting Countries (OPEC) reported a sudden surge in March production. Impromptu talks between Saudi Arabia, fellow Organisation ...
OPEC chief expects oil prices to stabilize
KRQE News 13 - 7/30/2015 9:13:29 AM
... boom in shale oil production in the U.S. Russia, which is not part of OPEC but is the world’s top crude producer and depends heavily on energy exports, hasn’t made any cuts either. Novak said that he and al-Badri didn’t discuss any production cuts.
Saudi Arabia Reportedly To Cut Crude Production
Investors Business Daily - 7/30/2015 6:10:21 PM
Saudi Arabia reportedly will cut crude production at the end of the summer ... Boehner pointed out that the U.S. is the last developed country to have a self-imposed export ban on crude oil. He also said removing the ban would create 1 million jobs and ...
Saudi Arabia to Cut Oil Production
Ship Bunker - 7/31/2015 12:08:16 AM
the world's largest crude exporter typically reduces production in the fall as domestic demand falls. It was suggested that production will likely remain at around 10 million barrels per day until the end of the year. The figures come as oil prices are ...