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
OPEC may condemn the world to an oil glut for years
Market Watch - 5/22/2015 2:57:11 AM
OPEC has maintained a collective production ceiling of 30 million barrels a day since it did away with individual country quotas about three years ago, and analysts expect the oil cartel to stand ... between Iran and six world powers.
Low Oil Prices Pressuring Producing Countries
Think Advisor - 5/21/2015 5:21:32 AM
The move is seen not only as an indication of a tougher foreign policy in the future but as a predictor that the country’s current oil production levels will continue ... estate investments elsewhere in the world. According to consultants CBRE, SWFs ...
OPEC Refuses to Yield in Battle for Oil-Market Share
Bloomberg - 5/20/2015 11:59:25 PM
All but one of the 34 analysts and traders surveyed by Bloomberg said the Organization of Petroleum Exporting Countries will maintain its daily production target ... at Vitol Group, the world’s largest independent oil trader, said at a conference in ...
Top 10 countries in the world by oil consumption
explorationworld.com - 5/21/2015 12:35:12 AM
Anyone reading this article probably already know that the world ... to production, reserves, imports and exports are also from 2013. This means those may not be up-to-date, but rather reflect the relationship of those metrics to 2013's global oil consumption.
South Sudan oil production down to 165,000 bpd: ministry
Yahoo Finance - 5/22/2015 7:00:34 AM
Production has been slashed by about a third since fighting broke out in the world's newest ... in recent days in oil producing areas in Upper Nile state, and the latest incidents were witnessed in Melut and near the country's main Paloch oilfield.
OPEC countries need oil prices above $100/barrel to break in budgets: Experts
customstoday.com.pk - 5/22/2015 3:40:08 AM
DOHA: Energy expert Dr Mamdouh G Salameh says that, with the exception of Qatar and possibly Kuwait, most OPEC countries need oil prices ... an international oil economist and consultant for the World Bank in Washington DC on oil and energy, drew everyone ...
U.S. Oil Storage Declines: Oil Prices Rise
The Inquisitr - 5/21/2015 2:18:25 PM
the U.S. Energy Information reported in their weekly crude oil report on Wednesday that the country’s ... and Saudi Arabia, the world’s top oil exporter, is just across the border. Because of unrest so near such a large production of oil, oil prices ...
How do you lose 100 million barrels of oil? Kemp
Reuters - 5/20/2015 2:12:26 PM
China, now the world's second-largest oil consumer, presents a particular challenge ... releases no data on how much crude is held at sites around the country and virtually no information on production, consumption or stocks. Analysts rely on data for ...
Saudi Arabia and the Shifting Geoeconomics of Oil
Carnegie Endowment For International Peace - 5/21/2015 4:12:57 PM
As the strongest player in the world oil market, Saudi Arabia has always sought ... by an increase in U.S. shale production or other light production in Iran, Iraq, or Libya as those countries seek to return to the market. An inverse situation in 2011 ...
Oil to Return to $80 With or Without OPEC Cut Says Iranian Official
The Motley Fool - 5/21/2015 10:00:43 AM
Javadi said his country would work hard to regain the market share it lost to other oil producers ... Iran's return to full production. This $19 trillion industry could destroy the Internet One bleeding-edge technology is about to put the World Wide ...
Sunflower oil world output to reach 60m tonnes
Trade Arabia - 5/21/2015 10:29:21 AM
Contributing to this growth, Mazola has been at the forefront of sunflower oil production in the GCC ... and animal oils and fats design capacity in GCC countries. To expand the sunflower world’s value chain, a lot of scientific and agro-technological ...
The countries slammed worst by plunging oil prices
CNBC - 12/5/2014 5:57:56 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production ... in countries which are net oil importers," he added. "Consumers will spend at least half the money they gain from the fall in oil prices."
World Governments Subsidize the Burning of Fossil Fuels to the Tune of $10 Million a Minute
The Nation - 5/21/2015 6:14:38 PM
According to the comprehensive account in The Guardian that broke the story of a new IMF study, $10 million a minute is how much the world’s governments are spending to subsidize the burning of coal, oil ... United States and countries around the ...
US fracking expert slams 'desperate' Saudi oil policy
Arabian Business - 5/21/2015 2:39:53 PM
Is the country going to carry on depleting assets that took decades to amass, just to teach the world a ... release natural oil and gas inside. But Faulkner told Arabian Business that Saudi Arabia’s persistent drive to increase production actually ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Natural gas production is increasing in the country, but coal remains China’s primary ... Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field ...