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
This infographic shows which countries are the hardest hit by the oil crash
The Business Insider - 8/30/2016 5:14:43 PM
Russia is the world’s second-largest crude oil exporter, shipping $86.2 billion to countries outside of its borders in 2015. That’s good for 11.0% of all oil exports globally. Russia’s cost of production in 2015 was relatively low, at $17.30 per barrel.
Exxon Mobil could begin full oil production by 2020 -Country Manager
newssourcegy.com - 8/30/2016 7:16:24 PM
US Oil company, Exxon Mobil, which has confirmed significant oil discovery offshore Guyana, is advising that actual oil production will not begin for another five years. The Country Manager ... confirmed a world-class discovery with a recoverable ...
On Again Off Again Iraq Is On Again For An OPEC Production Freeze
Ship Bunker - 9/1/2016 12:08:42 AM
Iraq this week contributed to the intrigue building up in advance the September freeze talks of Organization of the Petroleum Exporting Countries (OPEC) members by declaring it will support a cap in oil production. Haidar Al-Abadi, prime minister for Iraq ...
BLOG: Militants Cut Oil Production 17% in Nigeria, Pushing Recession
Rigzone - 8/31/2016 7:08:04 PM
Following months of explosions and oil infrastructure derailment, oil production in the Organization of the Petroleum Exporting Countries (OPEC ... according to the World Bank. Almost 90 percent of Nigeria’s exports are oil-based. One day after a ...
Oil & Gas Africa: Uganda Heats Up Oil Race With Production Licenses Award
AFKinside - 8/31/2016 6:36:26 AM
Apart from the Kenya-Uganda oil race, the region is also witnessing a liquefied natural gas (LPG) production rivalry between Tanzania and Mozambique. The two countries are in a ... producers in other parts of the world come to market.
Is it all about China? Curious Case Of Oil Producers' Talks And Beijing's Crude Stockpiling Drive
Forbes - 8/31/2016 10:49:58 PM
With Brent futures down 20% month-on-month and a sub $40 per barrel price fast becoming a possibility, Al-Falih also mooted the idea of yet another production ‘freeze’ agreement between oil exporting countries ... oil exporting world, not just OPEC.
Oil Near Flat on OPEC Uncertainty
Fox Business - 8/30/2016 6:54:56 PM
Oil prices fell Tuesday ... minister said at a conference that the country plans to boost its output by 200,000 barrels a day by the end of the year. Iran has repeatedly said that it plans to increase its production now that international sanctions have ...
Venezuela: cheap oil output but among hardest hit by low prices
hellenicshippingnews.com - 8/30/2016 6:54:56 PM
Oil also accounts for about 96% of the country’s total exports, according to the World Bank. “If oil prices were north ... Meanwhile, Russia, with an oil production cost-per-barrel of $17.30 is also among the nations set to suffer the most from low ...
Uganda expects billions of dollars in oil investments
United Press International - 8/30/2016 1:32:48 PM
but if production isn't in full swing within the next few years, the Bank of Uganda warned there may be long-term problems for the nation's economy. By the World Bank's estimate, Uganda will start pumping oil within two years, which could help the country ...
The OPEC Oil Deal Is Coming But Not When The Pundits Expect It
econintersect.com - 8/31/2016 12:24:13 AM
The catalyst for rising oil prices is the demand in the developing world, specifically ... a target to reach pre-sanction production levels (about 4.2 million barrels a day) is becoming increasingly difficult. So far, the country has been selling out ...
Uganda grants 8 oil production licenses to Total, Tullow
FOX News - 8/30/2016 12:28:23 PM
KAMPALA, Uganda – Uganda's government has issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude. Five of the licenses were granted to Britain's Tullow Oil while France's ...
Oil Supply and Refinery Margins Concern Crude Tankers
Market Realist - 8/31/2016 10:04:02 AM
The decline in production is mainly from the non-OPEC (Organization of the Petroleum Exporting Countries ... oil supply is usually positive for the tanker industry and vice versa. According to the U.S. Energy Information Administration, in 2016 the total ...
US oil company to begin oil production in five years
Trinidad Express Newspapers - 8/30/2016 9:36:35 AM
GEORGETOWN, Guyana, Aug 30, CMC – The United State oil giant, Exxon Mobil, Tuesday said that oil production will not begin in Guyana for another five years. “The greatest benefit is the revenue stream provided to the country. If job creation is ...
Oil poised for biggest monthly gain since April ahead of OPEC talks
RT - 8/31/2016 2:07:25 PM
The country produces 4.36 million barrels a day, according to July data published by Bloomberg. Saudi Arabia is OPEC's biggest producer with a daily output of 10.43 million barrels per day. Limiting production ... a constructive oil market balance is ...
China’s got the world puzzling over its oil hoard
jwnenergy.com - 8/31/2016 6:57:55 AM
Record purchases this year by the world’s biggest energy consumer have helped oil prices recover from the worst crash in a generation. What the country plans to do next ... The purchases, along with temporary production outages in Nigeria and Canada ...