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
The World’s Biggest Oil Kingdom Reverses Course
Bloomberg - 10/20/2016 4:04:05 AM
The IEA also anticipates production from non-OPEC countries to rebound in 2017 and increase ... Khalid al-Falih, who became the country’s oil minister in May, told delegates of the World Energy Congress in Istanbul on Oct. 10 that a price recovery ...
Oil Price Forecasts Beset with Uncertainty
This Day Live - 10/23/2016 12:25:47 AM
Within the week, the World Bank said oil prices for the year 2017 could get up to $55 per barrel on the back of planned production cut by member countries of OPEC. It, however, stated that this was with some level of uncertainty. Chineme Okafor reports In ...
World Bank Forecasts Oil Price to reach $55 in 2017
footprint2africa.com - 10/22/2016 7:53:46 PM
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long period of unrestrained output.
What an OPEC production cut really means for China
Yahoo Finance - 10/21/2016 10:07:58 AM
making it one of the largest non-OPEC producers in the world. But with regards to a future oil-related strategy for the country, Mahesh explained that as domestic production drops, China is "expecting to rely on these captive resources." This could be ...
Putin Says Russia May Join OPEC In Oil Production Curbs
investing.com - 10/21/2016 3:27:06 AM
On October 10, speaking at the World Energy Congress in Istanbul ... ready to join joint measures limiting production and calls on other exporting countries to do the same. The announcement set the stage for an oil price rally that continued what had ...
World Bank Ups Forecast On Oil Price To $55/barrel for 2017
sakshipost.com - 10/22/2016 9:45:19 AM
New York: World Bank enhanced its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. Considering the decision by members of the Organization of the Petroleum Exporting Countries (OPEC) to keep tabs on production after a long period ...
World Bank raises 2017 crude oil price forecast
Philstar - 10/22/2016 5:30:36 PM
MANILA, Philippines - The World Bank (WB) has raised its 2017 forecast for crude oil prices to $55 per barrel from its July outlook of $53 per barrel as petroleum producing countries prepare to limit production after a long period of unrestricted output.
Venezuelan wants U.S. at oil meeting
Arkansas Online - 10/23/2016 3:24:44 AM
Maduro, whose country holds the globe's biggest oil reserves, said on Venezuelan state ... OPEC, which pumps about 40 percent of the world's crude, agreed Sept. 28 in Algiers to limit production to a range of 32.5 to 33 million barrels a day in a bid ...
World Bank raises 2017 crude oil prices’ forecast to $55 per barrel.
omojuwa.com - 10/21/2016 12:45:27 PM
The World Bank yesterday revised upwards its 2017 forecast for crude oil prices, raising it from $53 per barrel to $55 per barrel as members of the Organization of the Petroleum Exporting Countries ... large zinc mines and production cuts in earlier ...
Oil Nears $50 as Investors Weigh Production-Cut Agreement
naija247news.com - 10/22/2016 3:07:26 PM
Crude held above $50 a barrel as investors weighed the likelihood of a deal to reduce supply after Russia’s largest oil company said the country was capable of a ... For a story on the World Bank outlook on prices and the OPEC deal, click here.
America’s oil market supremacy under threat
jokpeme.com - 10/21/2016 8:23:35 PM
... US imports of crude oil increased in the first half of 2016 in what is seen as an early sign that the country’s supremacy in oil production through fracking is now under threat. Figures released by the US Energy Department show that the country’s ...
Venezuelan President: Close to reach accord to curb oil production
english.sina.com - 10/22/2016 10:16:56 PM
"We are very close to reaching an accord (on oil production curbs ... also exchanged views on cooperation between OPEC and non-OPEC countries for stabilizing the oil prices on the world market. They discussed cooperation within international organizations ...
World Bank Raises 2017 Crude Outlook to $55/bbl, Cites OPEC Agreement
NGI - 10/21/2016 8:37:54 PM
The World Bank raised its forecast for 2017 crude oil prices from $53/bbl to $55/bbl Thursday, citing a potential production limits agreed to by the Organization of the Petroleum Exporting Countries (OPEC). According to the World Bank’s quarterly ...
Saudi Arabia looks to Russia to boost non-OPEC cooperation
Reuters - 10/23/2016 11:38:39 AM
"Russia is one of the world's biggest oil producers ... Last month in Algiers, the Organization of the Petroleum Exporting Countries agreed modest oil output cuts. The goal is to cut production to a range of 32.50-33.0 million barrels per day (bpd).
World Bank Boosts 2017 Crude Oil Price Forecast
NASDAQ - 10/21/2016 2:51:19 AM
(RTTNews.com) - The World Bank on Thursday raised its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel, citing the decision by members of the Organization of the Petroleum Exporting Countries (OPEC) to limit production after a long ...