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
Russia and Saudi Arabia Battle for Control of European Oil Market
Wall Street Journal - 12/1/2015 1:55:55 PM
LONDON—A contest for dominance in Europe’s oil market is heating up between the world ... will heed the Organization of the Petroleum Exporting Countries’ call for a cooperative production cut ahead of its meeting in Vienna on Friday.
Why OPEC's plan to balance oil markets backfired
CNBC - 12/1/2015 1:48:46 PM
OPEC's plan to shake up the world oil market may have backfired for now. Just a year ago, the Organization of the Petroleum Exporting Countries decided to let market forces determine the price of oil, rather than its own production quotas. But the results ...
Raymond James expects Iraqi oil surge to slow in 2016
Fuel Fix - 11/30/2015 7:12:05 PM
Iraqi oil production jumped from roughly 3.4 million barrels per day in February of this year to 4.4 million barrels per day in June. The second largest member of the Organization of Petroleum Exporting Countries, Iraq was ranked the world’s fastest ...
A Second Global Revolution, Barely Begun, Will Permit A Fuller Utilization Of Conventional Oil Deposits
Seeking Alpha - 11/30/2015 10:11:02 PM
Countries with the most to gain are those with high reserves and existing conventional oil production. We firmly believe that the ... There are thousands of currently lagging conventional plays around the world that can benefit from the shale oil techniques.
California's top oil regulator quits amid controversy over governor's land
FOX News - 12/1/2015 11:18:27 AM
Brown, who has sought to boost the state's oil production while encouraging ... tenure it said had left California, the country's No. 3 oil-producing state, with some of the toughest oilfield regulations in the world. However, Bohlen's tenure was marked ...
Warm countries launch Sun-energy alliance
Yahoo News - 12/1/2015 1:05:49 PM
Modi, speaking on the sidelines of a 195-nation United Nations climate summit in Paris, said the Sun could help move the world ... that countries with the biggest solar energy potential represent only a small part of global solar electricity production.
More Russian oil drilling shows its resolve to OPEC
bakken.com - 11/30/2015 10:11:02 PM
MOSCOW – Russian oil firms are drilling more, showing the world’s top ... of the Petroleum Exporting Countries by ramping up output to new record highs this year despite low oil prices, which OPEC had hoped would depress production from higher cost ...
OPEC November oil output rises, led by Iraq, Saudi - Reuters survey
Channel News Asia - 11/30/2015 7:33:33 PM
VIENNA: OPEC oil output has risen in November ... said an OPEC delegate from a non-Gulf country which favours supply restraint. "No favourable outcome will be reached at the next meeting." OPEC has boosted production by about 1.50 million bpd since its ...
FDI in oil sector falls sharply to Rs 3,00 crore in first half
Economic Times - 11/30/2015 10:46:49 PM
The minister did not cite the reason for the fall in foreign investments in the sector, but oil companies around the world have sharply cut expenditure ... Cairn India, a key private oil producer in the country, has cut its capital spending for 2015-16 ...
Are OPEC Countries Creditworthy At $50 Crude?
Yahoo Finance - 11/30/2015 11:01:08 PM
Venezuela, the country with the world’s largest crude reserves ... Subsidies are another example of the power non-crude production interests exert. At the end of October, Saudi Oil Minister al-Naimi announced that the government was considering ...
Iran mining bigger opportunity than oil
Mining - 12/1/2015 3:54:38 AM
Iran is ranked among 15 major mineral-rich countries with potential reserves worth more than $700 billion. As of 2011, Iran had the world’s 9th largest reserves of copper at 32.5 million tonnes even though production is only expected to reach 425,000 ...
Oil prices rise awaiting OPEC gathering
MENAFN - 12/1/2015 2:07:15 AM
(MENAFN - AFP) Oil prices rose Monday as the market looked ahead to the end of the week when OPEC decides on whether to change its crude production target. Attention is also on the United States ahead of Friday's jobs data and on China as the world's ...
Oil up on pre-OPEC speculation, US refined fuel rally
Business Recorder - 11/30/2015 6:50:36 PM
NEW YORK: Crude futures rose more than 1 percent on Monday as speculators took bullish bets on the odd likelihood of a surprise outcome at this week's OPEC meeting and as refined oil ... production policy when the Organization of the Petroleum Exporting ...
Production insurance will protect shrimp industry investments
FIS - 11/30/2015 4:05:58 PM
The leader emphasized that, thanks to the work of the production chain members, the shrimp today has become a high quality product, which in 2014 generated USD 2,572 million, equivalent to 20 per cent in non-oil exports and generates more than 200,000 jobs ...
$50 Oil Leaves World Markets Slip-Sliding Towards Losses
The New Indian Express - 12/1/2015 4:08:57 AM
The Opec group of oil-producing countries has exerted ... kingdom of Saudi Arabia, the world's oil-rich states will decide whether to continue their price war. The group will assemble on Friday December 4 to decide its production levels, and in effect ...