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
10 Countries Most Reliant on Oil
INSIDER MONKEY - 1/18/2017 11:35:42 AM
... how much of the GDP the oil rents (difference between the value of crude oil production at world prices and total costs of production) were in 2014 for a number of countries. We compiled all this data, offered points for each nation, depending on ...
Oil prices jump two percent ahead of producers' compliance meeting
Reuters - 1/20/2017 1:39:11 AM
NEW YORK Oil prices ... meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but rising U.S. drilling activity limited gains. Members of the Organization of the Petroleum Exporting Countries and some other ...
More OPEC Headaches: 2 Countries Projected To Add Over 400,000 Bpd To Oil Supply In 2017
Seeking Alpha - 1/20/2017 4:55:27 PM
Production growth from these two countries not being included in most 2017 models ... While that is true, Canada has some of the largest amount of oil reserves in the world, and its biggest trade partner is right below its borders. The U.S. now imports ...
IEA Expects US Shale Oil Production to Add 500,000 Bpd in 2017
economiccalendar.com - 1/20/2017 2:03:39 PM
The IEA’s director believes that the countries of the Middle East have firmly cemented their position as the world’s main crude oil suppliers. Nevertheless, US production remains an important factor in global oil market trends. Investors closely follow ...
May cut oil production
Castanet - 1/19/2017 4:13:41 PM
OPEC countries could cut oil production again this year, Saudi Arabia's energy minister said Thursday. Speaking at the World Economic Forum at the Swiss ski resort of Davos, Khalid Al-Falih said he "would not exclude" another cut to follow last year's ...
US Shale Oil Production Rises to Meet Global Demand
Seputar Kita - 1/21/2017 4:36:57 AM
The Brent and WTI crude oil prices have increased 13.0 and 9.4 percent respectively reaching above the $50 per barrel mark since November after the Organization of Petroleum Exporting Countries made a historic move to cut production by almost 1.2 million ...
Nigeria’s crude oil output increases by 403,900bpd
guardian.ng - 1/20/2017 11:26:10 AM
According to OPEC, which supplies about 40 percent of the world oil, output increased the most in Iraq, Angola and Libya, while production in Saudi Arabia, Nigeria and Venezuela showed the largest decline. Speaking on efforts the country is making to ...
China's Oil Collapse Is Unintentionally Helping OPEC
Bloomberg - 1/17/2017 7:15:01 PM
Brent crude, benchmark for half of the world’s oil, averaged about $45 a barrel ... output as much as expected because of high production costs, said Bernstein’s Neil Beveridge, who forecasts the country will pump 4 percent less this year.
US Shale Oil Production Surges Following OPEC Cuts
The Celebrity Truth - 1/21/2017 3:39:41 AM
DAVOS, Switzerland Oil stocks around the world ... Exporting Countries and other exporters including Russian Federation agreed to trim supply to drain bloated global inventories. However, increased demand and coupled with recent production cuts by OPEC ...
'No need to extend oil production cuts beyond six months': Saudi oil minister
Al Bawaba - 1/19/2017 7:59:46 AM
Saudi Arabia’s Energy Minister Khalid al Falih, in an interview at the World Economic Forum in Davos, said on Tuesday that the oil cut deal struck between Oil Producing and Exporting Countries (OPEC), will not be necessary beyond June. The window of ...
Oil price rises two percent ahead of producers' compliance meeting
Yahoo Finance - 1/20/2017 8:05:44 AM
LONDON (Reuters) - Oil prices edged ... some proof that they cut production," said Hans van Cleef, senior energy economist at ABN Amro. A weekend meeting in Vienna of members of the Organization of the Petroleum Exporting Countries and some producers ...
Explorers in World’s Fastest-Growing Oil Market Seek Tax Breaks
peakoil.com - 1/20/2017 11:14:50 PM
Explorers in the world’s fastest-growing oil market are seeking lower taxes on ... about 17 percent since the Organization of Petroleum Exporting Countries’ agreed in November to cut production for six months starting in January. The fuel traded ...
Saudi Arabia says compliance to crude oil production cut is 'very strong'
semanariopalestra.com - 1/20/2017 9:13:09 PM
Saudi Arabia, OPEC's biggest member, reduced production last month ahead of an accord that took effect on January 1, the Organization of Petroleum Exporting Countries said in a report Wednesday. Speaking at the World Economic ... just in oil and gas ...
OPEC Reports Slight Drop in Oil Glut, Flags Recovery of US Shale
This Day Live - 1/19/2017 12:57:25 AM
Released yesterday by the cartel, the MOMR said: “Preliminary data indicates that the world’s oil ... compliance with pledged production adjustments. The revised 2017 forecast expects average oil production by these 11 countries in 1H17 (first half ...
Crude Oil: Prices in 2017 Will Keep $50-60 per Barrel Range- Largest Oil Traders
fxnewscall.com - 1/20/2017 7:58:34 AM
Two of the world’s largest independent oil traders Gunvor and Energy Group Mercuria predict ... In his opinion, OPEC and other producing countries which entered into an agreement, should remain disciplined in the obligations to reduce production to ...