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
OPEC chief 'confident' countries to meet oil production cuts
Star-Herald - 1/12/2017 11:21:20 AM
ABU DHABI, United Arab Emirates (AP) — The head of OPEC said on Thursday that he remains "confident" that the cartel and outside members will stick to an agreement to cut production ... Iraqi Oil Minister Jabar Ali al-Luaibi pledged his country would ...
Iraq cuts oil production by 170000 barrels per day
VG Today - 1/15/2017 11:32:06 AM
The Organisation of Petroleum Exporting Countries and 11 other ... a day in an effort to end a three-year oil surplus, which sent prices spiralling and battered the economies of producing nations around the world. Brent crude prices were up by 77 cents ...
U.S. oil production to rise in 2017
Oklahoma News - 1/13/2017 11:55:56 AM
The domestic forecast came less than two weeks after the agreed-to production cuts throughout much of the world were expected to begin. In an effort designed to help strengthen oil prices, the Organization of Petroleum Exporting Countries last month agreed ...
IMF Slashes Saudi Arabia Growth Forecast on Lower Oil Production
Bloomberg - 1/16/2017 8:53:26 AM
OPEC members agreed to lower crude output to boost prices The International Monetary Fund cut its growth outlook for Saudi Arabia on lower oil production ... the lender said in its World Economic Outlook report update on Monday, citing the impact of ...
Three countries may cut oil output beyond agreed level
myhealthbowl.com - 1/16/2017 10:36:38 PM
Speaking at the same conference earlier this week, Khalid al-Falih, energy minister for Saudi Arabia, told delegates that the world may run short of oil ... Countries in May at their bi-annual meeting in Vienna to assess the market and the group's ...
NM oil patch outlook
ABQJournal - 1/16/2017 7:06:03 AM
most local producers remain wary about the prospects for open recovery in the state’s oil patch. A recent agreement by the Organization of Petroleum Exporting Countries and other foreign producers to cut world production about 2 percent, or nearly 2 ...
Oil Production Output Cut Target Missed, OPEC SG Optimistic
lasignare.com - 1/17/2017 3:08:39 AM
Non-Opec members led by Russian Federation have also agreed to cut output by 558,000 bpd, the first such collaboration between Opec and non-Opec countries since 2001. Saudi Arabia has suggested there will no extension of Opec's cuts in oil production ...
Oil slips as investors await OPEC data
Market Watch - 1/16/2017 9:50:42 AM
Oil prices edged lower Monday, with investors set to digest key numbers from the Organization of the Petroleum Exporting Countries ... production and lower imports, boding badly for foreign producers competing for market share in the U.S., which is the ...
Russia cuts oil output by 100,000 bpd in early January: industry sources
Reuters - 1/9/2017 5:05:30 AM
MOSCOW Russia cut its oil production in early January by around 100,000 ... as agreed with OPEC last month. Some other countries, including Saudi Arabia, the world's top oil exporter and biggest OPEC producer, have also reduced their output.
Opec can cooperate on oil production cuts – and diversification
The National - 1/16/2017 3:09:50 AM
This would lead to the idea that differing challenges faced by each country could lead to different strategies and signalling of these strategies with regards to oil production ... article on start-ups in the Arab world. One interesting titbit is that ...
Saudis see no need to extend OPEC production cuts beyond six months
Canal CNC Arauca - 1/16/2017 9:39:22 PM
Proof of cuts to oil production by OPEC and non-OPEC countries ... the first such collaboration between Opec and non-Opec countries since 2001. The discrepancy between the notion that the world is drowning in oil inventories that will take years to ...
New offshore oil production starts in China
United Press International - 1/13/2017 11:41:37 AM
Nearly a year-to-date, CNOOC, the country's largest producer, lowered its production forecast in ... more oil into its strategic reserves. Oil demand growth, OPEC said, was "solid-to-steady" for one of the world's leading economies A review of national ...
With a Major Oil Discovery, Guyana Is Poised to Become a Top Producer
nytimes.com - 1/13/2017 8:38:30 PM
But the country, which currently produces precious little energy, sorely needs pipelines and other support infrastructure to begin a major production and export effort ... is becoming a critical supplier to world oil markets. Brazil and Colombia ...
Bullish on Oil
Energy and Capital - 1/16/2017 7:34:41 AM
The 2017 battle for oil prices will hinge on OPEC cuts versus shale production. The Organization of the Petroleum Exporting Countries (OPEC ... most easily refined sweet crude in the world. The Saudis are planning on a Saudi Aramco IPO in 2018 at an ...
Oil prices higher amid output cut commitments
hellenicshippingnews.com - 1/16/2017 11:16:36 AM
Russia has also begun cutting oil production in line with OPEC agreement ... a volume that’s expected to put the Latin American country on par with some of the world’s top oil producers. One measure of productivity is known as estimated ultimate ...