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
Uganda: Hope for oil production by 2018 after pipeline deal
Investment Underground - 5/1/2016 10:19:52 AM
"It will be cheaper and easier for these countries ... production schedule. Museveni, 72, in February won a controversial violence-blighted sixth term in office (two of them unelected), and he and his inner circle are deeply vested in marketisation of oil.
OPEC’s Control Over Global Oil Prices Slips Away – Analysis
Eurasia Review - 4/30/2016 4:51:46 AM
Across the world, higher oil prices caused a jump in inflation ... In the early 1980s, for example, OPEC countries, agreed to cut production to keep prices high. But though Saudi production fell from 10,000 barrels per day in 1980 to half that by 1985 ...
Oil Patch Relieved by Price Rebound
Wall Street Journal - 4/30/2016 2:07:08 AM
Declining U.S. production, corporate cost-cutting and production outages around the world have raised hopes ... of the Petroleum Exporting Countries and reports that showed continued declines in U.S. oil production. Light, sweet crude for June delivery ...
World Bank raises 2016 oil price forecast to $41 per barrel
customstoday.com.pk - 4/30/2016 9:45:16 AM
RIYADH: The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per ... and a decline in non-Organisation of the Petroleum Exporting Countries production, mainly US shale. “We expect slightly higher prices for energy ...
Guerrillas and rebels do what oil producers couldn't - Limit expansion of surplus
Tyler Morning Telegraph - 4/30/2016 2:31:36 PM
"The world has become highly prone to disruptions of supply in vulnerable petro states." An effort by the largest oil-producing countries to seal a deal to freeze production failed after an April 17 meeting among OPEC members and nations outside the group ...
OPEC Builds Confidence In Global Oil Markets
Forbes - 4/29/2016 11:58:17 PM
As we closed out the first quarter of 2016, a production freeze proposed by the Organization of the Petroleum Exporting Countries (OPEC) created some optimism about achieving balance in the global oil markets ... to the rest of the world.
OPEC fails to agree on production cut after Iran, Saudi Arabia disagreement
Bonham Journal - 4/30/2016 1:24:11 AM
... members from the Organisation of Oil Exporting Countries were expected to agree to stabilise output at January levels until October 2016. Saudi Arabia, the world's biggest exporter, says any production freeze must be binding to all OPEC producers.
Saudi Arabia Details 'Vision 2030' To End The Country's 'Addiction To Oil'
The Leader - 5/1/2016 1:01:31 AM
He said, "We will not allow our country ever to be at the ... Aramco is the world's leading oil company, producing about 10 million barrels a day, or about 10 percent of global production. Aramco was once run by Americans but has always been a Saudi ...
Oil prices recover after early rout
bilbaoya.com - 4/30/2016 3:18:43 AM
... after rising tensions between the world's largest crude producers derailed plans to tackle the market's crippling oversupply by freezing oil production levels. The Organization of Petroleum Exporting Countries (OPEC) and other major producers are ...
China Just Took a Giant Step in Its Takeover of Global Oil Markets
Money Morning - 4/29/2016 12:06:38 AM
Now, the country's objective used to be controlling oil production abroad, with the aim of transporting ... the next step in its plan to control the world's oil markets… And this time, it's not in the U.S.'s sleepy backyard, but in a major geopolitical ...
Production From This Key OPEC Member Just Fell 61% In A Day
Tri-County Sun Times - 4/30/2016 4:51:46 AM
OPEC members have been working on the deal since Saudi Arabia, Russia, Qatar and Venezuela agreed to freeze production in February if other countries followed ... unsuccessful meeting among the world's biggest producers, oil traders are now closely ...
What Is The Oil Market Expecting From Global Producers Meeting? Not Much
Senegal Actu - 4/17/2016 7:30:21 AM
According to a helpful explainer by Bloomberg, 18 countries-representing 60 percent of world oil production-are planning to send representatives to Doha on April 17: Russia, Saudi Arabia, Qatar, and Venezuela (which have reached a preliminary deal already ...
OPEC Members Fail to Reach Deal on Production Freeze, Oil Tumbles
SB News Online - 4/30/2016 3:25:52 AM
A meeting of the world's leading oil exporters to discuss capping production ... The inability of OPEC countries and Russian Federation to freeze production levels means they will likely continue to pump oil at near-record rates. "Part of the reason ...
Saudis want to inflict more pain on oil producers: Kilduff
CNBC - 4/18/2016 11:25:24 AM
Crude markets are poised to become more volatile as Saudi Arabia flexes its muscles in the region and seeks to turn the screws on U.S. and Iranian oil ... production by 1 million barrels per day. The 30-year-old prince who is changing the world "I think ...
Supply shortages force Venezuela's largest brewer to halt production
dw.com - 4/30/2016 4:58:56 AM
The blackouts have helped to further tank the economy and fuel supply shortages in a country which actually has some of the largest oil reserves in the world. El Nino or mismanagement? Maduro's government blames the power shortage on a drought caused by ...