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
Oil Majors Queue in Iran as $30 Billion of Projects in Play
Bloomberg - 11/28/2015 12:55:03 PM
Total SA, Royal Dutch Shell Plc and Lukoil PJSC are among international companies that have selected oil and natural gas deposits to develop in Iran as the holder of the world ... Exporting Countries so that Iran’s planned additional production remains ...
This British Bank Is Backing The Bullish Case For Oil
Seeking Alpha - 11/28/2015 6:07:02 AM
The IEA reports that, although there has been some increase in the demand for oil in countries like India ... States overtook Saudi Arabia (which had a production of 11.5 million barrels per day) as the world's biggest producer of crude oil in 2014.
Oil price on world markets
tjcnewspaper.com - 11/28/2015 1:49:20 AM
US production of both oil and natural gas increased in 2014. The country surpassed Saudi Arabia to become the largest exporter of crude oil to China in September and continues to look for ways to expand sales routes, including a visit to Japan this month ...
India to lead global energy demand growth with oil imports set to jump to 90% by 2040: IEA
Firstpost - 11/28/2015 9:48:57 AM
But the IEA said India's production will tail off due to limited resources and relatively high costs for new projects, leading to more imports as economic growth picks up speed. India's oil minister Dharmendra Pradhan has visited energy-rich countries ...
Iran seeks $25 billion as new oil contract offer unveiled
The Express Tribune - 11/28/2015 5:12:45 PM
Oil ... six world powers led by the United States. The new Iran Petroleum Contract will replace “buy-back” agreements in which foreign companies were paid a set price for all oil and gas it helped Iran exploit. Iran at that point took over production.
Oil prices gain ahead of OPEC meeting
Business Recorder - 11/27/2015 7:22:47 PM
LONDON: World oil ... despite sliding oil prices, so extending its strategy of preserving market share and fending off competition from the US shale energy boom. Keeping the status quo would see the Organization of Petroleum Exporting Countries' official ...
Biggest oil buyers likely to be winners from OPEC meeting
Fuel Fix - 11/27/2015 3:33:44 PM
Members of the Organization of Petroleum Exporting Countries will gather Dec. 4 in Vienna, where Iran has said it will announce plans to boost production by 500,000 ... the benchmark for more than half the world’s oil, has dropped about 21 percent ...
Low Oil Prices Could Spell Trouble For The UK Through Dramatic Tax Losses, Shuttered Businesses
International Business Times - 11/26/2015 4:03:33 PM
... is much more expensive than in leading producer countries like Saudi Arabia, low prices could make it economically questionable to continue to expand shale field drilling and oil production. World oil prices rose dramatically during the early 2000s ...
Iran reveals framework for oil and gas contracts
Financial Times - 11/28/2015 4:12:30 AM
The Islamic republic, which has the world’s largest gas reserves and fourth-biggest oil reserves, plans to increase its oil production capacity to about ... restrictions as well as opposition inside the country to the US “infiltration” — a new ...
As oil prices stay low, Saudi races ahead in production
NYSE Post - 11/27/2015 6:04:03 PM
stressed the kingdom's role in achieving the stability of the oil market ... all OPEC and non-OPEC countries to maintain the stability of the market and prices. Saudi Arabia, then the world's swing producer, said it would not cut production unless others ...
Indonesia, Malaysia form OPEC-like palm oil council
Pittsburgh Post-Gazette - 11/20/2015 11:55:57 PM
KUALA LUMPUR, Malaysia (AP) — Indonesia and Malaysia, the world’s top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the ...
Kenya: UN Agency Urges African Countries to Invest in Mining Sector
AllAfrica - 11/27/2015 9:07:11 AM
"The benefits that the extractive industries could bring to developing countries include revenues for host countries through production sharing agreements ... Africa is home to eight per cent of the world's oil and gas reserves. The United States ...
India needs Rs 9 lakh cr investment for energy demand by 2040: IEA
Financial Express - 11/27/2015 8:45:42 AM
“India is set to contribute more than any other country ... cent below the world average,” he said. By 2040, India will become the largest source of worldwide coal demand growth, most of which is met by expanded domestic production. Oil demand also ...
Wintershall Joins 'Zero Routine Flaring by 2030' Initiative
Rigzone - 11/27/2015 1:46:21 PM
Wintershall announced Friday that it has joined World Bank’s international initiative to end the worldwide flaring of associated gas during oil production by 2030 ... hopes to encourage more companies and countries to participate. Wintershall CEO ...
No Country For Old Biofuels
The Energy Collective - 11/27/2015 2:07:50 PM
Two recent studies reinforce the US government’s apparent concern about the RFS: In an analysis conducted for the World Resources ... that food production will decline as biofuel production increases, and that countries will not implement subsidies ...