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
Shale Gas and Tight Oil Are Commercially Produced in Just Four Countries
Al-Jazeerah - 2/21/2015 3:39:30 AM
Republished to clarify China and Argentina's production of shale gas and tight oil, respectively. The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas ...
GUEST APPEARANCE: Political economy of oil — a brief sketch
Finger Lakes Times - 3/1/2015 1:59:56 PM
This decline is the confluence of multiple factors, both political and economic, and its many implications affect countries ... of oil, domestic U.S. production has not led to energy independence since its consumption level as the world’s largest ...
'Happy Naimi': Calm Saudi Arabia signals $60 oil price for the long-haul
Al Bawaba - 3/1/2015 7:40:33 AM
Saudi Arabia, the Organization of the Petroleum Exporting Countries’ leading producer, is also one of the cheapest oil producers in the world, with production costs of just a few dollars per barrel. Modern techniques of extracting oil from hard rock ...
OPEC’s Strategy Is Working, Claims Saudi Oil Minister
Time - 2/27/2015 7:53:04 PM
Saudi minister had pushed through a plan to maintain oil production ... companies in the world, reports that the number of oil rigs operating in the United Stated declined by fully 35 percent since as recently as Dec. 5, leaving the country with the ...
Venezuela: A Closer Look at the Oil Economy of Venezuela
Live Trading News - 2/28/2015 11:40:57 PM
Venezuela was the world’s 9th largest exporter and ... As a result, much of Venezuela’s oil production must go to specialized domestic and international refineries. The country’s most prolific production area is the Maracaibo basin, which contains ...
Crude Oil: Abundance wins over depletion theory
Commodity Online - 2/26/2015 10:50:13 AM
With U.S. shale oil production soaring from 600,000 barrels ... Current estimates have over 80 percent of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65 percent of the OPEC total.
Counter OPEC’s power by boosting American crude oil exports
Thomaston Times - 3/1/2015 12:12:34 PM
Drivers can mostly thank the highest level of domestic oil production in four decades — over 9 million ... But Saudi Arabia, Kuwait, and the rest of the Organization of Petroleum Exporting Countries (OPEC) have recently launched a price war to force ...
Riding oil's unpredictable roller-coaster
Great West Newspapers - 2/28/2015 5:54:22 AM
Now, of course, oil consumption has increased in other countries over the last 10 years ... time that this fact represented a major change in world oil patterns, and nations would need to balance production very carefully, or they ran the real risk ...
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.
Middle East Countries Wary Of Iran Sanctions Easing, Not Possible Nuclear Weapons
International Business Times - 2/26/2015 3:50:52 PM
As negotiations in Geneva inch toward a possible deal in which Iran would freeze its nuclear energy program in exchange for a lifting of sanctions, Iran's neighbors look worriedly at a huge nation that's been isolated from world trade for decades and whose ...
Algeria: Kenya Turns to Algeria for Oil and Gas Expertise
AllAfrica - 2/28/2015 6:11:40 PM
At the conference which was attended by global players in oil and gas, two things emerged from listening to examples from around the world. For a country ... overseeing the entire production chain to ensure the country is not cheated out of the value ...
Oil-rich Libya, torn by conflict, may be going broke
Washington Post - 2/19/2015 1:40:11 AM
The country’s economic lifeblood, oil accounts for almost 100 percent ... below forecasts from the World Bank and IMF. “We’ve revised down expectations on Libya production,” he said, “simply because things are not holding together, for lack ...
Oil Falls to New Lows on Strong Dollar
4 Traders - 3/1/2015 2:25:35 AM
A decision by the Organization of the Petroleum Exporting Countries last month to maintain its production ceiling further cemented a belief among investors, oil-company executives and industry officials that the world will remain awash in crude well into 2015.
The countries slammed worst by plunging oil prices
CNBC - 12/5/2014 5:57:56 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production ... in countries which are net oil importers," he added. "Consumers will spend at least half the money they gain from the fall in oil prices."
Saudis' bold gambit on oil prices pays off in just three months
StarPhoenix - 3/1/2015 9:42:15 AM
Three months after Saudi Arabia made clear it was going to let oil prices ... other non-OPEC countries. Saudi Arabia, the most powerful member of OPEC, will maintain that tack when the group next meets in June, according to some of the world's biggest ...