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
Russia Is Now The World’s Top Crude Oil Producer – Not Saudi Arabia
trueactivist.com - 2/23/2017 6:35:18 AM
By: RT Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million ...
Oil prices rise after report shows drop in U.S. stocks
Reuters - 2/23/2017 5:23:43 AM
LONDON Oil prices rose on Thursday after ... since the Organization of the Petroleum Exporting Countries and other exporters agreed to cut output. OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day (bpd ...
OPEC Still Waiting for Evidence Oil Cuts Are Doing Their Job
hellenicshippingnews.com - 2/23/2017 11:07:19 AM
OPEC officials this week hailed the “excellent” and “unprecedented” implementation of their agreement to cut oil production ... around the world is the most important factor for the Organization of Petroleum Exporting Countries, Qatar’s Energy ...
Oil prices hold near 7-week highs
mlbinjurynews.com - 2/23/2017 6:42:28 AM
The Organization of Petroleum Exporting Countries agreed at the end of November to limit collective production by 1.2 million ... the technicals is the environment oil is rally in. Russian Federation became the world's largest oil producer in the world ...
Reports confirm compliance to oil supply constraining OPEC deal
thedollarbusiness.com - 2/22/2017 11:58:37 AM
Especially because US production and export of oil has been on the rise, it is said that the Middle-Eastern nations no longer have a monopoly over the world oil economy. In fact, it was fears of emerging shale gas discoveries in US that forced countries ...
Norway's oil production lower than expected
United Press International - 2/21/2017 6:09:02 AM
Norway is one of the larger energy producers in the world and a main ... Gains or declines in production from Norway could skew efforts from the Organization of Petroleum Exporting Countries to balance a market and support crude oil prices.
OPEC deserves no better than ‘C-minus’ on production cuts as global glut endangers price recovery
Financial Post - 2/21/2017 12:49:54 PM
The short-lived recovery of world oil prices ... Four countries are actually increasing output above their reference levels, including Iraq, Venezuela, Algeria, and the Emirates. While Saudi Arabia has slashed production, it has not cut exports by the ...
This Is the World’s New Top Producer of Crude Oil
FORTUNE - 2/21/2017 5:18:56 AM
Saudi Arabia has once again been overtaken in December as the world's top crude oil ... This is the first time Russian oil production has overtaken that of Saudi Arabia since last March, according to Bloomberg. Both countries saw their output down from ...
Rosneft Expands in Middle East With Libya and Iraq Oil Deals
Bloomberg - 2/21/2017 8:56:40 PM
The Russian company announced on the same day it will buy Kurdish oil until 2019 and will study exploration and production ... Arab countries, reviving political, arms-trading and energy relationships. Russia, which overtook Saudi Arabia as the world ...
OPEC: Global oil reserves decline
News - 2/22/2017 7:22:25 PM
The oil reserves in developed countries and the entire world began to decline ... In 2016 November summit in Vienna, OPEC decided to cut oil production up to 32.5 million barrels a day. "The situation can significantly improve in regard to the reserves ...
Olive oil prices could jump by 20 percent
Omaha.com - 2/22/2017 12:52:53 AM
ROME (AP) — From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock ... most of all in Italy, where production is halved from last fall. That’s pushing up Italian wholesale prices by ...
Iran among world’s top economies by 2050
customstoday.com.pk - 2/21/2017 9:22:19 AM
TEHRAN: A recent study shows that Iran will be among 32 most powerful economies in the world by 2050. The study that was ... that serious plans have been devised to increase the country’s oil production to as high as 5 mb/d over the next few years ...
US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why
zerohedge.com - 2/20/2017 5:27:17 AM
Specifically, Blanch predicts that US shale oil production could grow by a whopping ... today's news that Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed ...
Oil slides on word non-OPEC members aren't cutting production as much as promised
businessinsider.com - 2/22/2017 11:44:18 AM
Qatar's Minister of Energy and Industry Mohammed Bin Saleh Al-Sada speaks during a news conference at the 16th ministerial meeting of the Gas Exporting Countries ... were producing cuts that amounted to about 50% of what they promised. WTI oil, the US ...
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
thewashingtonstandard.com - 2/22/2017 4:23:28 PM
(RT) Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million barrels per ...