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
Why 16.4% Of Global Oil Production Is At Risk - Oil Prices Can Soon Reach Over $100 (Part 2)
Seeking Alpha - 2/9/2016 8:36:41 AM
depending on the scale of lost production, could affect world oil prices. Also, because Algeria is the second-largest natural gas supplier to Europe, unplanned cuts to natural gas output could affect some European countries. The collapse of Saudi Arabia is ...
IEA Warns Oil Prices Could Fall Further as Oversupply Worsens
Wall Street Journal - 2/9/2016 2:05:58 PM
Crude-oil prices could fall even further as the world’s vast oversupply of petroleum only ... and the failure of the Organization of the Petroleum Exporting Countries to agree on production levels. The cartel flooded the market with an additional 280,000 ...
OPEC Meeting Imminent? More and More Countries Demand Emergency Measures Amid Oil Crisis
The Latin Post - 2/8/2016 5:53:14 AM
With the current levels of production and with crude's biggest markets ... Together with the six OPEC members, Russia and Oman, both countries which are also among the world's largest oil producers, have also stated that they support an emergency OPEC ...
Oil Prices Fall, Pressured by Strong Dollar, Oversupply Worries
SoloNews - 2/8/2016 4:55:58 AM
our oil production-when added to the oil produced by the world's other major producers-has substantially increased the global supply. Over the past year, the Organization of Petroleum Exporting Countries has purposefully kept production high in an attempt ...
Global oil glut set to worsen, says IEA
The Guardian - 2/9/2016 11:07:01 AM
In its monthly report, the IEA warned that the recent respite was likely to be a “false dawn” and market conditions were weaker than the agency believed when it predicted last month the world ... and other oil producing countries to cut production ...
Oil dips again as Saudi-Venezuelan talks make no mention of production cuts
Al Bawaba - 2/9/2016 9:55:26 AM
Crude oil prices are trading lower because inventories are building amid slowing growth in the world economy ... in response to few signs of production cuts from members of the Organization of Petroleum Exporting Countries. The price for Brent, the ...
Global oil glut to worsen as deal to cut production unlikely, says IEA
The National - 2/9/2016 1:12:52 AM
The world will store unwanted oil for most of 2016 as ... The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low as US$ ...
Export earnings from oil, gas drop by 50 per cent
The Guardian - Nigeria - 2/8/2016 3:30:04 AM
there are indications that crude oil production cost may not have favoured offshore activities after all, with the plummeting fortunes of the commodityís price in the world market. With the price of Organisation of Petroleum Exporting Countries (OPEC ...
Russia Now China's Biggest Oil Partner
Opposing Views - 2/8/2016 6:46:19 PM
Gas prices have plummeted due to a glut of oil across the world, which is great news ... Market watchers have stated that oil production must shrink to fix this problem, but that would require countries that are competing economically, many of which ...
IEA Forecasts Global Glut Worsening In A World Already ‘Awash With Oil’
International Business Times - 2/9/2016 6:20:41 AM
Iraq and Saudi Arabia — all members of the Organization of the Petroleum Exporting Countries (OPEC) — ramp up production. “Having peaked, at a five-year high of 1.6 million barrels per day in 2015, global oil demand growth is forecast to ease back ...
IEA Raises Estimate of Surplus Oil Supply on Higher OPEC Output
Bloomberg - 2/9/2016 9:12:29 AM
While prices recovered on speculation that the Organization of Petroleum Exporting Countries might agree to production curbs with non ... in January after reaching a deal with world powers that lifted oil sanctions in return for limits on the nation ...
IEA Sees Further Weakness in Oil Prices as Supply Glut Persists
bidnessetc.com - 2/9/2016 1:37:20 PM
OPEC member countries collectively supply 40% of the world’s crude oil ... which saw a boost in production as a result of the shale revolution, with oil reserves in North Dakota and Texas being uncovered. Saudi Arabia’s strategy is seen by many ...
IEA Sees Global Oil Glut Worsening, OPEC Deal Unlikely
News Max - 2/9/2016 8:08:03 AM
The world will store unwanted oil for most of 2016 as ... The agency, which coordinates energy policies of industrialized countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low as $ ...
Oil edges up ahead of Lunar New Year
Bills Insider - 2/8/2016 4:34:29 AM
Before the United States became a noteworthy player in the world oil market, when oil prices declined ... on Sunday but didn't announce any plans for the production cut the South American country says is needed to prop up crude prices.
Here’s How Oil Companies Are Scrambling to Survive the Price Crash
FORTUNE - 2/8/2016 6:36:11 AM
Crude prices have tumbled around 70% over the past 18 months to around $35 a barrel, leading to five of the world’s top oil companies ... part of its future production growth come from gas off the coast of the North African country.