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
The World’s Biggest Oil Kingdom Reverses Course
Bloomberg - 10/20/2016 4:04:05 AM
The IEA also anticipates production from non-OPEC countries to rebound in 2017 and increase ... Khalid al-Falih, who became the country’s oil minister in May, told delegates of the World Energy Congress in Istanbul on Oct. 10 that a price recovery ...
What an OPEC production cut really means for China
Yahoo Finance - 10/21/2016 10:07:58 AM
making it one of the largest non-OPEC producers in the world. But with regards to a future oil-related strategy for the country, Mahesh explained that as domestic production drops, China is "expecting to rely on these captive resources." This could be ...
Oil flips higher as Russia repeats support for output freeze
Market Watch - 10/21/2016 7:09:01 AM
Read: Saudi oil minister says many non-OPEC countries will join deal to cap output However, even if a deal is struck between OPEC members and Russia to rein in production, the world’s output might still outpace demand give the “risk that a further ...
Opec deal unlikely to lift oil prices for long, World Bank says
Gulf News - 10/21/2016 12:59:46 PM
Washington: Organisation of the Petroleum Exporting Countries’ (Opec’s) power to help lift oil prices by curbing output will be tested by the ability of shale-oil producers and other unconventional suppliers to ramp up production, the World Bank said.
Oil prices stable as strong dollar weighs, but market tightens
Reuters - 10/21/2016 2:58:28 AM
The Organization of the Petroleum Exporting Countries ... in price," he said. The World Bank was more cautious, raising its crude price forecast for 2017 to $55 a barrel on Thursday, up from $53 previously. U.S. crude oil production C-OUT-T-EIA has ...
How Brazil Squandered Their “Winning Ticket” By Attempting To Re-nationalise Oil Production
swarajyamag.com - 10/20/2016 1:08:07 PM
The changes that followed the discovery of pre-salt drove away investment, reduced jobs and brought the production of oil back to the level of the 1970s. A failed government that led the country to the brink of bankruptcy also made Brazil’s “winning ...
World Bank Raises 2017 Oil Price Forecast On OPEC's Prepared Production Limit
Brunei Direct - 10/21/2016 1:18:16 AM
World Bank on Thursday raised its forecast for the oil price in 2017, as the members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit their production. In its latest quarterly Commodities Markets Outlook report, the ...
World Bank Raises 2017 Oil Price Forecast
The World Bank - 10/20/2016 4:07:04 PM
WASHINGTON, October 20, 2016— The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long ...
Ghana could be fourth-largest oil producer in sub-Saharan Africa by 2020
How We Made it In Africa - 10/21/2016 9:32:11 AM
the passage of the new law is likely to attract investment to the country. Ghana is attractive to investors despite the low oil prices for several reasons, chief among which are the favourable oil regulations and low breakeven cost of production even in ...
Russian Oil Chief Wants to Add Production, Not Cut It
the-american-interest.com - 10/21/2016 1:28:24 PM
Rosneft is responsible for some 40 percent of Russian oil production ... led Organization of Petroleum Exporting Countries works on measures to cut the global oversupply. Putin said this month that the world’s largest energy exporter is “ready to ...
World Bank Predicts Oil Price to Increase in 2017
Tempo - 10/21/2016 9:03:33 AM
Jakarta - The World Bank forecasted in its latest report on Thursday, October 20, 2016, that global oil price in 2017 will reach up to US$55 per barrel as members of the Organization of Petroleum Exporting Countries (OPEC) prepares to limit production ...
World Bank Raises 2017 Crude-oil Price Forecast To $55 a Barrel
Fox Business - 10/20/2016 5:18:39 PM
It attributed the higher price forecast to the Organization of the Petroleum Exporting Countries's preparations to limit production. "We expect a solid rise in energy prices, led by oil, next year," said John Baffes, senior economist at the World Bank.
World Bank Boosts 2017 Crude Oil Price Forecast
NASDAQ - 10/21/2016 2:51:19 AM
(RTTNews.com) - The World Bank on Thursday raised its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel, citing the decision by members of the Organization of the Petroleum Exporting Countries (OPEC) to limit production after a long ...
World Bank New Forecast For Crude Oil: $55 Per Barrel In 2017
houstonenergyinsider.com - 10/20/2016 8:39:05 PM
The World Bank previously forecast crude oil prices at $53 per barrel in 2017. As of Thursday, the World Bank had upped its previous prediction to $55 per barrel citing the Organization of the Petroleum Exporting Countries’ (OPEC) anticipated output ...
World Bank raises 2017 oil price forecast to $55
Mag-Series USA - 10/21/2016 5:00:10 AM
Oil has fluctuated near $50 a barrel amid ... There is also an anticipation of some impact on revenues to member countries especially Nigeria that has suffered both from low prices as well as low production.