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
Shale Gas and Tight Oil Are Commercially Produced in Just Four Countries
Al-Jazeerah - 2/21/2015 3:39:30 AM
Republished to clarify China and Argentina's production of shale gas and tight oil, respectively. The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas ...
Oil back below $50 as OPEC hopes fade
Money Control - 2/25/2015 10:01:18 AM
Saudi Arabia is the world's top exporter of oil and one of the biggest producers. The country is the main swing producer in the Gulf region and is able to cut and expand production more freely than some of its neighbors. Alison-Madueke told the FT on ...
North American oil production continues to increase
eaglefordtexas.com - 2/26/2015 4:19:30 PM
The world’s largest oil exporters were not pleased with latest news coming from U.S. oil and gas producers: oil production keeps on rising ... National Energy Board reports that exports to other countries are on the rise.
Can depressed oil prices impact global growth?
Yahoo Finance - 2/26/2015 3:00:46 PM
Key takeaways from the G20 forum in Turkey (Part 7 of 13) (Continued from Part 6) Oil prices Oil prices decreased ... This would widen the regional and country imbalance in economic growth across the world. This is already concerning the G20 leaders.
OPEC’s Strategy Is Working, Claims Saudi Oil Minister
Time - 2/27/2015 7:53:04 PM
Saudi minister had pushed through a plan to maintain oil production ... companies in the world, reports that the number of oil rigs operating in the United Stated declined by fully 35 percent since as recently as Dec. 5, leaving the country with the ...
Crude Oil: Abundance wins over depletion theory
Commodity Online - 2/26/2015 10:50:13 AM
With U.S. shale oil production soaring from 600,000 barrels ... Current estimates have over 80 percent of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves comprising 65 percent of the OPEC total.
Venezuela: A Closer Look at the Oil Economy of Venezuela
Live Trading News - 2/28/2015 11:40:57 PM
Venezuela was the world’s 9th largest exporter and ... As a result, much of Venezuela’s oil production must go to specialized domestic and international refineries. The country’s most prolific production area is the Maracaibo basin, which contains ...
Riding oil's unpredictable roller-coaster
Great West Newspapers - 2/28/2015 5:54:22 AM
Now, of course, oil consumption has increased in other countries over the last 10 years ... time that this fact represented a major change in world oil patterns, and nations would need to balance production very carefully, or they ran the real risk ...
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.
Algeria: Kenya Turns to Algeria for Oil and Gas Expertise
AllAfrica - 2/28/2015 6:11:40 PM
At the conference which was attended by global players in oil and gas, two things emerged from listening to examples from around the world. For a country ... overseeing the entire production chain to ensure the country is not cheated out of the value ...
Middle East Countries Wary Of Iran Sanctions Easing, Not Possible Nuclear Weapons
International Business Times - 2/26/2015 3:50:52 PM
As negotiations in Geneva inch toward a possible deal in which Iran would freeze its nuclear energy program in exchange for a lifting of sanctions, Iran's neighbors look worriedly at a huge nation that's been isolated from world trade for decades and whose ...
Drilling decline inevitable as oil price remains low
Trade Arabia - 2/27/2015 4:32:38 PM
The first quarter 2015 edition of Douglas-Westwood’s (DW) World Drilling and Production ... northern Iraq added significant downside risk to the country’s forecast – DW revised its Q3 2014 oil production forecast down from 6mb/d to 4.1mb/d.
Oil-rich Libya, torn by conflict, may be going broke
Washington Post - 2/19/2015 1:40:11 AM
The country’s economic lifeblood, oil accounts for almost 100 percent ... below forecasts from the World Bank and IMF. “We’ve revised down expectations on Libya production,” he said, “simply because things are not holding together, for lack ...
Torn apart by conflict, oil-rich Libya may be going broke
Astro Awani - 2/19/2015 5:57:53 AM
The country's economic lifeblood, oil accounts for almost 100 percent ... below forecasts from the World Bank and IMF. "We've revised down expectations on Libya production," he said, "simply because things are not holding together, for lack of a better ...
Not so delusional after all? Saudi oil strategy beginning to 'pay off'
Al Bawaba - 2/26/2015 9:41:38 PM
Saudi Arabia, the Organization of the Petroleum Exporting Countries' leading producer, is also one of the cheapest oil producers in the world, with production costs of just a few dollars per barrel. Modern techniques of extracting oil from hard rock ...