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
OPEC may condemn the world to an oil glut for years
Market Watch - 5/22/2015 2:57:11 AM
OPEC has maintained a collective production ceiling of 30 million barrels a day since it did away with individual country quotas about three years ago, and analysts expect the oil cartel to stand ... between Iran and six world powers.
Low Oil Prices Pressuring Producing Countries
Think Advisor - 5/21/2015 5:21:32 AM
The move is seen not only as an indication of a tougher foreign policy in the future but as a predictor that the country’s current oil production levels will continue ... estate investments elsewhere in the world. According to consultants CBRE, SWFs ...
Top 10 countries in the world by oil consumption
explorationworld.com - 5/21/2015 12:35:12 AM
Anyone reading this article probably already know that the world ... to production, reserves, imports and exports are also from 2013. This means those may not be up-to-date, but rather reflect the relationship of those metrics to 2013's global oil consumption.
Drilling Efficiency to Keep Oil Prices Low
The Motley Fool - 5/22/2015 10:59:47 PM
The world oil markets have gotten a graphic lesson in that ... The rise in efficient oil production has led to more than half of the country's rig fleet being idled with many firms now drilling multiple wells at a time rather than single ad hoc wells.
OPEC Refuses to Yield in Battle for Oil-Market Share
Bloomberg - 5/20/2015 11:59:25 PM
All but one of the 34 analysts and traders surveyed by Bloomberg said the Organization of Petroleum Exporting Countries will maintain its daily production target ... at Vitol Group, the world’s largest independent oil trader, said at a conference in ...
OPEC countries need oil prices above $100/barrel to break in budgets: Experts
customstoday.com.pk - 5/22/2015 3:40:08 AM
DOHA: Energy expert Dr Mamdouh G Salameh says that, with the exception of Qatar and possibly Kuwait, most OPEC countries need oil prices ... an international oil economist and consultant for the World Bank in Washington DC on oil and energy, drew everyone ...
U.S. Oil Storage Declines: Oil Prices Rise
The Inquisitr - 5/21/2015 2:18:25 PM
the U.S. Energy Information reported in their weekly crude oil report on Wednesday that the country’s ... and Saudi Arabia, the world’s top oil exporter, is just across the border. Because of unrest so near such a large production of oil, oil prices ...
South Sudan oil production down to 165,000 bpd: ministry
Reuters - 5/22/2015 7:00:34 AM
Production has been slashed by about a third since fighting broke out in the world's newest ... in recent days in oil producing areas in Upper Nile state, and the latest incidents were witnessed in Melut and near the country's main Paloch oilfield.
Saudi Arabia and the Shifting Geoeconomics of Oil
Carnegie Endowment For International Peace - 5/21/2015 4:12:57 PM
As the strongest player in the world oil market, Saudi Arabia has always sought ... by an increase in U.S. shale production or other light production in Iran, Iraq, or Libya as those countries seek to return to the market. An inverse situation in 2011 ...
World Bank Updated Forecast Predicts 2016-17 Kazakh Economic Growth Recovery
astanatimes.com - 5/22/2015 3:35:58 PM
ASTANA –The spring 2015 edition of the biannual Kazakhstan Economic Update of the World Bank titled “Kazakhstan – Low Oil Prices; an Opportunity to Reform” forecasts a positive economic scenario for the country ... that oil production will remain ...
Higher Oil Prices Prop Up U.S. Shale
Energy and Capital - 5/22/2015 8:43:46 PM
92% of his country's budget comes from oil exports, and Bin Talal's comments ... Instead of cutting production to prop up prices, the Saudis flooded the world with crude, creating the glut that led to our low oil prices today. But from where we stand ...
Low oil prices: An opportunity for GCC oil firms to change
gulfbusiness.com - 5/23/2015 4:14:45 AM
Although they have the lowest production costs in the world, the national oil companies (NOCs ... a unique role in ensuring long- term production capacity for their home countries and international markets. In turning their attention to costs, they ...
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."
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Natural gas production is increasing in the country, but coal remains China’s primary ... Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field ...
Oil to Return to $80 With or Without OPEC Cut Says Iranian Official
NASDAQ - 5/21/2015 5:57:20 AM
Javadi said his country would work hard to regain the market share it lost to other oil producers ... Iran's return to full production. This $19 trillion industry could destroy the Internet One bleeding-edge technology is about to put the World Wide ...