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, 2012See also: Oil - production map
Saudi Arabia Vows to Ride Out Slump in Oil Prices
New York Times - 12/22/2014 2:35:50 AM
Ali Al-Omair, the oil minister of Kuwait said OPEC did not need to cut production and would not hold ... which include the world’s lowest-cost producers, and nonmember countries, Mr. Naimi said, “The best thing for everybody is to let the most ...
OPEC Blames Speculators, Non-OPEC Countries, US Frackers for Oil Price Crash
Howe Street - 12/22/2014 12:19:50 AM
U.S. oil production has soared as a result of the shale boom ... interests to cooperate to ensure high prices for everyone” is laughable. Every country in the world wants the other countries to be the ones to cut supply. Cooperation is not going to ...
Gulf oil producers stand firm on OPEC output
Zee News - 12/21/2014 10:39:37 PM
... competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old alliance of the Organisation of Petroleum Exporting Countries. World oil prices have fallen almost 50 percent since June, mainly due to ...
Conrad Black: The Saudis believe the West is about to give in to Iranian demands. Crashing the price of oil is how it fights back
NATIONAL POST - 12/20/2014 11:02:16 PM
The secretary general of OPEC (the Organization of Petroleum Exporting Countries), Abdullah Al-Badri ... But there is no doubt that Saudi Arabia, as the world’s leading oil exporter, has increased production, whether it is advising Mr. Al-Badri of ...
No conspiracy behind oil price fall: Al-Naimi
Arab News - 12/21/2014 10:39:37 PM
World prices have fallen almost 50 percent since June ... The global oil market has become increasingly competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old OPEC alliance.
'Irresponsible' non-Opec producers blamed for oil price plunge
Business Recorder - 12/21/2014 10:39:37 PM
World prices have fallen almost 50 percent since June ... The global oil market has become increasingly competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old Opec alliance.
OPEC Maintains Production Levels While Oil Prices Fall
Guardian LV - 12/22/2014 1:09:56 AM
He called on these countries to stop the increase in production because it is harming the market ... Market analysts expect that the world will need even less OPEC oil in 2015. However, if prices continue to suffer, investors that have stimulated the ...
Gulf oil producers defend OPEC role in glut
The Australian - 12/22/2014 7:29:19 AM
... competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old alliance of the Organisation of Petroleum Exporting Countries. World oil prices have fallen almost 50 per cent since June, mainly due to ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
'Irresponsible' non-OPEC output behind oil price plunge: UAE
Economic Times - 12/21/2014 7:59:09 AM
"One of the main causes is irresponsible production by some producers ... by the Organisation of Arab Petroleum Exporting Countries. The OPEC decision will "lead to stability in oil prices," he said. World prices have fallen almost 50 per cent since ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
The countries slammed worst by plunging oil prices
CNBC - 12/4/2014 11:57:02 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
Falling Oil Prices, the Saudis Plead Not Guilty
cubiclane.com - 12/21/2014 8:30:46 PM
During an energy forum in Abu Dhabi, Saudi Oil Minister Ali al-Nuaimi, whose country is the world’s largest oil exporter ... oil producers in the United States who have a higher cost of production than the OPEC producers. Another minister of Energy ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
Global oil impact: Who's hurting, happy, hopeful
Seattle Post Intelligencer - 12/19/2014 10:10:22 AM
For countries that consume a large amount of the world's oil, it's a different story ... THE HOPEFULS: BRAZIL, COLOMBIA, MEXICO Ambitious plans to boost oil production in Brazil, Colombia and Mexico will almost certainly be pushed back.