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
Is It Time for the U.S. to Lift Its Restrictions on Oil Exports?
Wall Street Journal - 11/23/2014 4:46:16 PM
But a recent Energy Information Administration study showed consumer gasoline prices move with the global oil price, not the domestic price. To the extent that lifting the ban increases U.S. production and overall world supply, it may cause global prices ...
Infographic: Meet the Organization of Petroleum Exporting Countries (OPEC) members
USA Today - 11/23/2014 10:55:31 AM
World oil production is outpacing demand. That is pulling down prices and forcing the Organization of Petroleum Exporting Countries to consider production cuts at its Nov. 27 meeting. OPEC has 12 oil ministers: two from South America, four from Africa and ...
Winners And Losers Of Oil War – OpEd
Eurasia Review - 11/24/2014 12:45:53 AM
Smaller oil producing member countries of OPEC are proposing to cut daily production ... there could be a slowdown in the US shale oil production but the world is not going to see it stop. The factors that can possible reverse the trend are: 1) terrorist ...
OPEC divided on oil output before crucial meeting
ABS-CBN News - 11/24/2014 8:59:48 AM
Faced with surging US output -- crude production in the world's biggest economy is set to hit a 45-year high of 9.5 million barrels a day in 2015 -- Venezuela has called for a meeting of OPEC and non-OPEC countries to address the slide in oil prices.
All eyes on oil: What will OPEC do this week?
CNN Money - 11/23/2014 12:50:03 PM
Related: These countries are getting killed by cheap oil ... production. "They've got their work cut out (for) them," said Kloza of OPEC. "There's a question of whether they can come up with something that at least stops the hemorrhaging at the moment ...
Iran to push for Saudi oil output cut at OPEC- Mehr news agency
Reuters - 11/23/2014 2:58:54 PM
Saudi Arabia, the world's biggest oil exporter, has yet to say whether ... of deliberate moves by some exporters which have kept production high to undermine Tehran's sanctions-hit economy. The country is struggling to offset a wide budget imbalance ...
Iran seeks cut in Saudi oil output to boost price
The Irish Times - 11/24/2014 12:53:02 AM
The Organisation of the Petroleum Exporting Countries (Opec ... Russia – the world’s biggest energy exporter – does not plan to cut oil production to shore up prices, the Russian energy minister Alexander Novak was quoted as saying on Saturday.
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
Thinking through Nigeria’s Oil Wealth Beyond 2012 – O. O. O. Ogunkua
nigerianmuse.com - 11/24/2014 12:38:43 AM
However, the total world crude oil export, part of which gives Nigeria ... dedicated to biofuel feed stock and 40% by 2020, the EU countries will meet their energy requirements. Global biodiesel production was 4million tonnes in 2006 but crossed the ...
OPEC's Easy Days Setting Oil Production Are Over, Veteran Says; You Need Russia, Norway, Mexico
Yahoo Finance - 11/23/2014 8:56:49 PM
The days when OPEC members could almost guarantee consensus when deciding production levels ... said former Qatari Oil Minister Abdullah Bin Hamad Al Attiyah. The 12-member Organization of Petroleum Exporting Countries is scheduled to meet in Vienna ...
OPEC battles slump amid strategy dispute as oil price slips
Sydney Morning Herald - 11/24/2014 12:13:04 PM
Oil markets are entering a new era of ... Energy Security and the Remaking of the Modern World. Ministers representing the 12 members of the Organisation of Petroleum Exporting Countries (OPEC) are due to meet on November 27 in Vienna to discuss a possible ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
Crude Fundamentals: Is Oil Trading like a Commodity or a Geopolitical Weapon?
Forex Magnates - 11/23/2014 3:27:32 PM
In the United States optimists claim that the global energy economy will have to adapt to a world of cheap oil when America returns to its former glory days of oil production dominance ... of Petroleum Exporting Countries (OPEC). Saudi Arabia is locked ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
Opec divided on oil output ahead of meeting
Fin24 - 11/23/2014 9:36:47 AM
Faced with surging US output - crude production in the world's biggest economy is set to hit a 45-year high of 9.5 million barrels a day in 2015 - Venezuela has called for a meeting of Opec and non-Opec countries to address the slide in oil prices.