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
Top Oil-Producing Countries Fail to Reach Deal on Production Freeze
lucenainformacion.com - 4/29/2016 11:26:40 AM
The world's key oil producing countries failed to deliver any concrete agreement to freeze production at the end of their ministerial meeting in Doha, Qatar on Sunday amid disagreements on the wording of the agreement.
Guerrillas and Rebels Do for Oil Market What Producers Couldn't
Bloomberg - 4/29/2016 9:39:17 AM
“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 ...
World Bank raises 2016 oil price forecast to $41 per barrel
Bills Insider - 4/29/2016 3:34:13 AM
The World Bank (WB) predicts a decline in oil supplies from the non-OPEC countries by 0.7 million barrels per day in 2016 mainly due to a decrease in production at the USA onshore fields, said WB latest Commodity Markets Outlook. The bank's latest ...
World Bank raises oil price forecast as oversupply seen easing
THE PREFACE - 4/29/2016 3:05:35 AM
the World Bank said Tuesday. State Governors in the country have been reeling in pains since a year ago when oil prices took a downward plunge as low as $25 per barrel. But Iranian production is forecast higher by some 500,000 barrels per day. Furthermore ...
Brent crude oil rises by almost 4% against World Bank forecast
Laurel Leader-Call - 4/29/2016 4:10:01 AM
However, the World Bank yesterday said crude oil market rebounded to $40 per barrel in April following production disruptions in Iraq and Nigeria and a decline in non-Organisation of the Petroleum Exporting Countries (OPEC) production, mainly USA shale.
The Coming World of ‘Peak Oil Demand,’ Not ‘Peak Oil’
Antiwar - 4/29/2016 4:02:51 AM
The leaders of these countries were well aware of one thing ... we are indeed entering a new world in which, among other things, the titans of oil production will no longer hold sway over our lives as they have in the past. This, in fact, appears to ...
World Bank raises 2016 oil price forecast
iNews Today - 4/29/2016 4:38:39 AM
However, the World Bank yesterday said crude oil market rebounded to $40 per barrel in April following production disruptions in Iraq and Nigeria and a decline in non-Organisation of the Petroleum Exporting Countries (OPEC) production, mainly US shale.
BRIGGS: U.S. Oil And Gas Production Numbers Tell The Story
The Hayride - 4/28/2016 1:51:01 PM
The United States has experienced an oil and gas revolution over the last eight years through unconventional or shale drilling in plays all over the country ... the world. In just the last eight years, the United States has increased crude oil production ...
Global trade of LNG rises, crude oil recovers
Senegal Actu - 4/29/2016 12:06:38 AM
The meeting was attended by the delegations from 18 countries ... allow it to overtake Russian Federation as the world's largest producer. But Iran maintained it would continue the increase in oil production it has followed since economic sanctions ...
10 Top Gold-producing Countries
investingnews.com - 4/29/2016 12:20:57 AM
With that in mind, here are the world’s top gold-producing countries from 2015 ... the loonie has started to rise along with gold on the back of higher oil prices. Peru’s gold production decreased slightly in 2014 due to several factors, including ...
Can OPEC 'freeze' production, or is it already frozen?
Oil Voice - 4/28/2016 7:31:38 AM
Under these circumstances the logical reaction for a cash-strapped, oil-rich country would be to pump more oil to ... Generally it has, with OPEC's share of world production falling only by 0.3% between July 2014 and March 2016, according to OPEC monthly ...
World Bank raises crude oil price forecast for 2016
theinsidekorea.com - 4/29/2016 4:10:01 AM
The bank predicts a decline in oil supplies from countries outside OPEC by 0.7 million barrels per day in 2016 - mainly due to reduced production in the onshore US fields. Despite this, the World Bank warns that the market rally is highly sensitive to ...
Exploration and Production ETFs Could See Near-Term Retreats
ETF Trends Setting The Pace - 4/28/2016 8:57:32 AM
That includes ETFs devoted to exploration and production companies ... which has fueled pessimism over a potential slowdown in the second largest oil-consuming country in the world. [Read More: China ETFs Suffer New Year Hangover] Additionally, the ...
World Bank forecasts surge in oil prices
Investment Underground - 4/29/2016 3:19:54 AM
While OPEC maintained strong production growth throughout ... by 0.1 million barrels in each of these countries in 2016. The strike caused 1.7 million barrels per day to be cut from the world's oil supply. The bank said that some annual increases 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 ...