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
The conspiracy theorists are right. Research shows nations really do go to war over oil.
Washington Post - 1/28/2015 12:57:40 PM
At the time, the U.K. was one of the largest net oil importers in the world, as North Sea oil production only started in 1975. The country also had, via BP, a direct interest in the stability of the region. It may seem tempting to attribute U.K ...
U.S.: Iran's oil production capacity curbed
United Press International - 1/28/2015 2:59:22 PM
we have also seen a significant decline in its production of oil," he testified. Iran in December produced just under 2.8 million bpd, down about 20 percent from 2011 levels, Lew said. The World Bank said in an October report the Iranian economy is ...
South Sudan oil production rises to 169,000 bpd - oil ministry
Reuters - 1/27/2015 11:40:07 AM
Production has been slashed by about a third since fighting broke out in the world's newest state in December 2013, with many South Sudanese oil wells damaged and output ... 1.5 million to flee and driven the country of 11 million closer to famine.
Oil price ‘too low’: Saudi Aramco chief
Gulf News - 1/28/2015 9:22:56 AM
Saudi Aramco is the world’s largest oil company in terms of crude production and exports. The kingdom is the leading exporter and top producer in the Organization of the Petroleum Exporting Countries (Opec). In November, the cartel decided to maintain ...
Vazon Energy on the changing landscape of oil and gas
worldfinance.com - 1/27/2015 2:17:36 PM
A geologist and leading businessman, he spoke to World Finance about how oil and gas exploration is changing ... developing the country’s third biggest gas producer; the first Production Sharing Contract in Georgia and the first non-state drilling ...
Tunisia Is the World’s Second Largest Olive Oil Producer, for Now
Olive Oil Times - 1/27/2015 2:53:24 PM
Olive oil production in Tunisia has increased fourfold ... Tunisian olive oil is also exported to over 60 markets around the world including the US, Canada, France, Russia, China and a few Arab countries under as many as 80 different brand names.
Foreign intervention ‘100 times more likely’ in oil-rich states – study
RT - 1/28/2015 5:29:41 PM
No country joins another country ... But they argued a recent rise in US oil production indicates the state will intervene less in the near future. Additionally, they suggest the world can expect a cycle of low intervention in years to come because ...
Crazy Clerics Who Rule the World’s Oil
Daily Beast - 1/27/2015 9:12:47 PM
Oil prices ... and not reduce production to increase prices. But will King Salman be able to control the clergy as well as the petrol? The powerful and unpredictable religious establishment tied to the Saudi royal family since the country became a ...
‘Ghana must adopt Production Sharing Agreement for oil revenue’
Ghana Web - 1/28/2015 5:55:20 AM
A Senior Research Fellow at the Ghana Institute of Governance and Security (GIGS), Mr Solomon Kwawukume, has strongly advocated that Ghana must adopt the Production ... of oil agreements and contracts at the Supreme Court in the interest of the country.
Saudi Aramco Say Oil is a Buy
Live Trading News - 1/27/2015 6:35:18 PM
... world’s largest oil company in terms of crude production and exports. The kingdom is the world’s leading oil exporter and the top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November the cartel decided to maintain ...
Saudi firm says oil price ‘too low’
The Rakyat Post - 1/27/2015 3:29:11 PM
Falih also said American shale oil production is important for the world’s long-term energy future and Saudi ... and the top producer in the Organisation of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain its output ...
Argentina’s YPF, China’s Sinopec to Join in Oil-and-Gas Projects
Wall Street Journal - 1/28/2015 12:14:44 PM
Argentina ranks fourth world-wide in shale-oil resources, with an estimated 27 billion barrels. Argentine officials are hopeful that Vaca Muerta could do for Argentina what fracking did for U.S. oil and gas production. However, that could require up to $ ...
Halliburton CEO calls the turn in oil prices
USA Today - 1/27/2015 3:22:02 PM
Miller began his comments by comparing the current oil demand forecast against potential supply: That projected 900,000-barrel demand increase makes clear the world has not ... under way in a number of countries, and U.S. production could peak and begin ...
Saudis stick to their guns on oil prices
Asiaone Business - 1/28/2015 1:01:51 AM
RIYADH - World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said yesterday, stressing that it was for the market, not the Organisation of the Petroleum Exporting Countries ... shale oil production is important ...
Oil rebounds sharply from six-year lows as dollar eases
Inquirer - 1/28/2015 1:51:57 AM
Falih also said US shale-oil production is important for the world’s long-term energy future and Saudi ... and top producer in the Organization of the Petroleum Exporting Countries, which provides about a third of global oil supplies.