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
Countries, Oil Companies Commit To Zero Flaring By 2030
Leadership - 4/18/2015 1:50:08 AM
Chief executives from major oil companies joined together yesterday with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the ...
Countries, Oil Companies Will Stop Routine Gas Flaring
Environment News Service - 4/17/2015 12:28:25 PM
... oil companies joined today with senior government officials from oil-producing countries in an agreement to end the practice of routine gas flaring at oil production sites by 2030 at the latest. The Zero Routine Flaring by 2030 global initiative ...
Oil Firms, Nations Agree to End Gas Flaring
Wall Street Journal - 4/17/2015 5:07:35 PM
Andrei Lushin, World Bank Group Executive Director for Russia, said in remarks at the event that the country flares the most gas associated with oil production in the world. “That is a problem of course, but this is also a potential to achieve large ...
Oil prices fall for first time in seven days
Channel News Asia - 4/17/2015 8:28:01 PM
The 12-member Organization of the Petroleum Exporting Countries (OPEC), which pumps about a third of the world's oil, reported Thursday that its production in March rose by 810,000 barrels per day to average 30.79 mbpd, above the cartel's quota.
Countries and Oil Companies Agree to End Routine Gas Flaring
The World Bank - 4/17/2015 1:32:50 PM
... today with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the latest. Every year, around 140 billion cubic meters of ...
World Bank Initiative To End Routine Gas Flaring By 2030
Law 360 - 4/17/2015 7:30:45 PM
Several major oil companies and countries have agreed to end the practice of routine gas flaring at oil production sites by 2030, according to a World Bank statement Friday announcing a new initiative that would lower global carbon dioxide emissions and ...
Crude Oil Futures (USO) Trade Down Following OPEC Report
bidnessetc.com - 4/17/2015 2:44:25 PM
In a report released on Thursday, the Organization of Petroleum Exporting Countries (OPEC ... Investors viewed the increase in crude oil production from the cartel that supplies around one-third of the world’s crude oil as a sign of the oversupply ...
Oil price soars in mixed week for commodities
Yahoo News - 4/17/2015 8:13:42 PM
The Organization of the Petroleum Exporting Countries (OPEC) predicted that US crude ... The 12-member OPEC, which pumps around a third of the world's oil, saw its production in March rise by 810,000 barrels per day to average 30.79 mbpd, Ang said.
Top oil-producing nations, companies pledge to curb flaring, a major source of CO2
Environment Energy Publishing - 4/17/2015 3:05:53 PM
The agreement by nine oil-producing countries, nine major oil-producing companies ... has grown sharply because of the boom in oil and gas production. The United States is part of the World Bank's partnership but not of today's agreement to end flaring.
Brent crude oil prices fall as OPEC production soars
Money Control - 4/17/2015 2:08:37 PM
Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped ...
Platts Survey: OPEC Pumps 30.72 Million Barrels of Crude Oil Per Day in March
Platts - 4/17/2015 6:47:48 PM
Oil production from the Organization of the Petroleum Exporting ... Riyadh remained willing to work with other major oil producing and exporting countries to stabilize world oil markets and boost prices, which he expected would "improve in the near future."
Low Prices Hit U.S. Oil Output — Energy Journal
The Wall Street Journal - 4/17/2015 10:33:53 AM
New data and forecasts, including by the Organization of the Petroleum Exporting Countries ... in Europe amid some skepticism that oil production will shift into a lower gear and reduce the global surplus. The world’s main energy agencies have in ...
Oil market slides before weekend
The Frontier Post - 4/18/2015 4:34:47 AM
But Ang said the oversupply was unlikely to end soon due to strong production levels by the Organization of the Petroleum Exporting Countries (OPEC). The 12-member OPEC, which pumps around a third of the world’s oil, saw its production in March rise by ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...