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
Oil drops to $55 as Iran nuclear talks intensify
Yahoo Finance - 3/31/2015 11:15:31 AM
LONDON (Reuters) - Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase ... to rising U.S. shale production.
Here are the countries that generate most of their power from oil
The Business Insider - 3/30/2015 3:27:14 PM
For these countries, the case for shifting toward alternative sources of energy depends heavily on the price and supply of oil. In other places in the world, there's less of ... to utilize more than 20% of oil production by 2030. In such situations ...
The global oil price drop may last for the next couple decades, Stanford economist says
Stanford News - 3/31/2015 10:32:34 AM
Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries ... in the industrialized world and ever-advancing ...
Oil price down as Iran nuclear deal deadline nears
Daily Telegraph - 3/31/2015 12:12:47 PM
The country holds 9pc of the world’s proven oil reserves and a nuclear deal that could open ... The figure is a long way from its production levels prior to sanctions. According to BP, the country was capable of pumping over 4m bpd in 2011.
Stock futures declining; crude oil production booming; IBM investing $3 billion in Internet of Things: A.M. Business News Links
Cleveland Plain Dealer - 3/31/2015 8:16:33 AM
U.S. crude oil production increased by the largest volume in more than 100 years during 2014, helped largely by the shale oil boom in the country that has already changed the energy map of the world. (International Business Times) CBRE Group has agreed to ...
Iran plans to raise steel production by 55mln tons
customstoday.com.pk - 3/30/2015 9:15:00 AM
Steel is a strategic commodity for the country of 75 million, which is also the Middle East’s biggest carmaker. It is fundamental to the Iranian society with its massive oil and ... iron ore production in Iran compared with the outside world.
Fuel prices keep falling as low oil prices forecasted for next decade
Fleet Owner - 3/31/2015 10:46:53 AM
Prices for diesel dropped in every region of the country ... many factors point to lower oil prices for the foreseeable future – with the primary reasons including the slowing demand for oil in the industrialized world and ever-advancing technological ...
Oil Prices Slip on Possible Iran Deal, Dollar
NDTV - 3/30/2015 3:20:05 PM
Few investors expect the Organization of the Petroleum Exporting Countries (OPEC), which pumps around a third of the world's oil, to restrain production to help push up prices. Oil producers are much more focused on maintaining market share, analysts say.
Oil Production Vital Statistics: April 2015
Seeking Alpha - 3/30/2015 8:17:44 AM
(click to enlarge) Figure 6: While most OPEC countries claim very slender margins ... (click to enlarge) Figure 10: Russia and other FSU oil production remains rock-steady. Russia is one of the world's largest producers, with 10.94 Mbpd in February 2014 ...
Oil down as Iran races for Tuesday deadline on nuclear deal
Reuters - 3/30/2015 3:41:33 PM
Few investors expect the Organization of the Petroleum Exporting Countries, which pumps about a third of the world's oil, to restrain production to help push up prices, rather than maintain market share.
US battles Opec as oil output growth beats 100 year record
investorintel.com - 3/30/2015 5:21:46 PM
America’s oil production has surged against a backdrop of volatile markets since the Organisation of Petroleum Exporting Countries (Opec ... of the EIA data comes as Iran appears poised to flood world oil markets with more crude should a nuclear deal ...
Oil drops on possible Iran nuclear deal
Ya Libnan - 3/30/2015 2:29:58 PM
Few investors expect the Organization of the Petroleum Exporting Countries, which pumps around a third of the world’s oil, to restrain production to help push up prices. Oil producers are much more focused on maintaining market share, analysts say.
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.
How the conflict in Yemen is impacting the oil market
The National - 3/30/2015 2:37:08 PM
World benchmark North Sea Brent crude ... of oil and 17 trillion cubic feet of gas. However, the country is a relatively small oil and gas producer and the conflict is adding to a decline in production. Its average production last year was 130,000 barrels ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...