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
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 3:06:35 PM
It said it has uncovered more than 1 billion barrels of oil in Uganda since operations began and most of that was in the country's Lake Albert basin. Once production begins, the World Bank estimates Uganda could bring in up to $2 billion per year in revenues.
The Clock Is Ticking On Venezuelan Oil Production
Seeking Alpha - 6/24/2016 1:33:31 PM
The clock is ticking, it is only matter of when Venezuelan oil production will meet a steep ... gasoline prices in Venezuela are the lowest in the world, zapping any profits that would be made for the countries coffers. Since the government is subsidizing ...
Venezuela Announces Oil Production Boost to Satisfy New OPEC Quota
Ship Bunker - 6/24/2016 1:23:23 AM
and that some of the world's largest oil companies were keen to hear its ideas to balance prices. PDVSA, the country's national oil company, will reportedly carry out the production improvements at its refineries and petrochemical sector. Venezuela's oil ...
Opec points to oil demand exceeding production
HQ Comox Valley - 6/23/2016 10:07:07 AM
After a strong first quarter for world oil demand, the Paris-based rich consumer countries' energy watchdog said it now ... OPEC member Iran has been ramping up production to its pre-sanctions levels despite the recent supply glut. Gasoline stocks fell ...
Venezuela to increase oil production to meet OPEC quota
Net India 123 - 6/23/2016 3:47:44 AM
Venezuela President Nicolas Maduro has announced that his country will increase its oil production to meet new quotas set by ... The minister also explained that some of the world's largest oil companies were keen to hear Venezuela's ideas to balance ...
OPEC report highlights mixed performance of global oil industry
Businessday - 6/23/2016 11:47:20 AM
The Organisation of Petroleum Exporting Countries (OPEC) Secretariat has launched the 51st edition of its Annual Statistical Bulletin (ASB). The report shows that in 2015, world crude oil production increased by 1.75 million barrels/day (mb/d), or 2.4 per ...
World commodity prices plummeting
Supply House Times Magazine - 6/23/2016 2:46:18 PM
When analyzing this particular time period from a global perspective, it will be designated as a timeframe when the massive commodity-producing undeveloped and developing countries were ... in the Mideast (the world’s oil production center), it also ...
Optimism Is High for Uganda to Diversify Economy and Growth in an Era of Oil and Volatility
The World Bank - 6/23/2016 2:07:31 AM
The new Country Economic Memorandum (CEM), jointly prepared by the World Bank Group and Government of Uganda ... the CEM discusses the prospects of oil and mineral production in Uganda, and draws on global experiences of oil producing countries in Africa ...
Nigeria's Oil Revenue Dropped By U.S.$35 Billion in 2015
AllAfrica - 6/24/2016 11:39:00 AM
Other highlights of the report showed that in 2015, world crude oil production increased by 1.75 million barrels/day (mb/d), or 2.4 per cent, compared with 2014, marking the second-highest increase within the last 10 years. Among non-OPEC countries ...
CAPP Annual Oil Forecast Shows Canada Needs New Major Oil Pipelines
Market Watch - 6/23/2016 7:58:16 AM
CALGARY, ALBERTA, Jun 23, 2016 (Marketwired via COMTEX) -- CALGARY, ALBERTA--(Marketwired - Jun 23, 2016) - Forecasted growth in Canadian oil production ... build our country's economic prosperity and help Canada meet the world's growing energy needs."
Canada oil output to jump 28pc by 2030, transport an issue
Business Recorder - 6/23/2016 7:03:59 PM
"Canada has great trading relationships with different countries already and energy is a big ... citing the impact it could have on climate change. Production from Alberta's oil sands, the world's third-largest crude reserves and No. 1 source of US oil ...
World's 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017
Rigzone - 6/23/2016 1:38:53 AM
(Bloomberg) -- The global oil glut will probably ... of Petroleum Exporting Countries said in its latest monthly market report that excess supply would “ease over the coming quarters.” Average annual U.S. production would decline by 665,000 barrels ...
Guest commentary: Independents’ day dawns for oil industry
Fuel Fix - 6/23/2016 2:53:27 PM
A couple of weeks ago, Mexico continued the historic opening of its energy markets to the world with ... exploration and production with companies other than government-owned Petróleos Mexicanos. Besides Pemex, 28 companies from seven countries now ...
ExxonMobil under investigation over lucrative Nigerian oil deal
The Guardian - 6/23/2016 9:12:50 PM
Exclusive: documents obtained by the Guardian show Nigerian agency looking into 2009 lease agreement for country’s ‘Crown Jewels ... documents obtained by the Guardian. Exxon, the world’s largest oil company, secured the lucrative oil rights ...
Which Countries are Leading the Way in Renewable Energy?
solarnovus.com - 6/23/2016 4:45:00 AM
In 2014, renewable energy accounted for more than 30% of Germany’s production and the country is on course to achieve 45% by 2025. This has been achieved mostly through an impressive dedication to solar power – it leads the world in solar PV capacity ...