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
Exxon Mobil could begin full oil production by 2020 -Country Manager
newssourcegy.com - 8/30/2016 7:16:24 PM
US Oil company, Exxon Mobil, which has confirmed significant oil discovery offshore Guyana, is advising that actual oil production will not begin for another five years. The Country Manager ... confirmed a world-class discovery with a recoverable ...
This infographic shows which countries are the hardest hit by the oil crash
The Business Insider - 8/30/2016 5:14:43 PM
Russia is the world’s second-largest crude oil exporter, shipping $86.2 billion to countries outside of its borders in 2015. That’s good for 11.0% of all oil exports globally. Russia’s cost of production in 2015 was relatively low, at $17.30 per barrel.
Uganda grants 8 oil production licenses to Total, Tullow
The Garden Island - 8/30/2016 3:17:12 AM
KAMPALA, Uganda (AP) — Uganda's government on Tuesday issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude. Five of the licenses were granted to Britain's Tullow Oil while ...
Oil prices nudged higher by bargain hunting
Market Watch - 8/30/2016 12:54:02 AM
While oil prices have escaped a 13-year nadir seen in February, the general mood of the energy market remains bearish as the world is still inundated ... the Petroleum Exporting Countries won’t reach an agreement to curb production.
US oil company to begin oil production in five years
Trinidad Express Newspapers - 8/30/2016 9:36:35 AM
GEORGETOWN, Guyana, Aug 30, CMC – The United State oil giant, Exxon Mobil, Tuesday said that oil production will not begin in Guyana for another five years. “The greatest benefit is the revenue stream provided to the country. If job creation is ...
Oil Near Flat on OPEC Uncertainty
Fox Business - 8/30/2016 6:54:56 PM
Oil prices fell Tuesday ... minister said at a conference that the country plans to boost its output by 200,000 barrels a day by the end of the year. Iran has repeatedly said that it plans to increase its production now that international sanctions have ...
Oil reserves and resources as function of oil price
peakoil.com - 8/29/2016 7:39:04 PM
What matters are annual (even monthly) oil flows, not what companies or countries write in ... Fig 9: Oil production in the WEO 2015 New Policies Scenario https://aleklett.wordpress.com/2015/11/13/world-energy-outlook-2015-a-short-presentation-of-the ...
Venezuela: cheap oil output but among hardest hit by low prices
hellenicshippingnews.com - 8/30/2016 6:54:56 PM
Oil also accounts for about 96% of the country’s total exports, according to the World Bank. “If oil prices were north ... Meanwhile, Russia, with an oil production cost-per-barrel of $17.30 is also among the nations set to suffer the most from low ...
Uganda expects billions of dollars in oil investments
United Press International - 8/30/2016 1:32:48 PM
but if production isn't in full swing within the next few years, the Bank of Uganda warned there may be long-term problems for the nation's economy. By the World Bank's estimate, Uganda will start pumping oil within two years, which could help the country ...
Mystery of Oil Held on Chinese Islands Puzzles Crude Markets (1)
Bloomberg - 8/31/2016 2:40:13 AM
Record purchases this year by the world’s biggest energy consumer have helped oil prices recover from the worst crash in a generation. What the country plans to do next ... The purchases, along with temporary production outages in Nigeria and Canada ...
The OPEC Oil Deal Is Coming But Not When The Pundits Expect It
econintersect.com - 8/31/2016 12:24:13 AM
The catalyst for rising oil prices is the demand in the developing world, specifically ... a target to reach pre-sanction production levels (about 4.2 million barrels a day) is becoming increasingly difficult. So far, the country has been selling out ...
Ministry of Economic Affairs of Republic of Ch : Market opportunities in the Iranian oil and gas industries
4 Traders - 8/31/2016 6:50:45 AM
while its petroleum exports rank 4th in the world and account for roughly 80% of the country's export revenues. Following the recent lifting of various sanctions, Iran's petroleum industry has quickly rebounded. At present, crude oil production is about 3 ...
Oil prices rise on U.S. weather fears, OPEC speculation
Metro International - 8/30/2016 1:04:10 PM
But the prospect of a recovery in oil production from Libya happening any time soon was tempered after the head of the country's National Oil Corp ... Wayne Rooney will end his England career after the 2018 World Cup in Russia, the striker said on Tuesday.
Libya Oil Guards to Close Two Oilfields
worldenergynews.com - 8/30/2016 2:58:42 PM
A Libyan armed force controlling some of the country's southern oilfields will close two of ... The closure underscored the new Libyan government's complex task in reviving oil production, which has been battered by strikes, protests and Islamist militant ...
Oil market may rebalance by 2017-end: Shell
Oman Tribune - 8/30/2016 5:14:43 PM
Members of the Organisation of the Petroleum Exporting Countries will meet on the sidelines ... look at their production capacity in 2040 and compare that to how much oil the world will need, what you find is a big gap.” He said the gap is about 20 ...