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
Iran to pump 170,000 bpd crude oil to boost production
customstoday.com.pk - 5/28/2015 6:17:40 AM
In April, Iranian Oil Minister Bijan Namdar Zanganeh said it will take just a few months for the country to increase its oil production to pre-sanction ... Iran possesses the world’s fourth largest crude oil reserves.
Croatia's plans to allow oil digging in Adriatic Sea splits the newest EU-member nation
FOX News - 5/28/2015 6:46:18 AM
The stunning medieval walled town of Dubrovnik was severely damaged by shelling, and broadcasts of warfare beamed around the world ... country's prime minister. The initial exploration, which will determine the quantities and profitability of oil ...
Ghosts of problems past and present loom over Nigerian palm oil plans
Mongabay - 5/28/2015 6:53:27 AM
This is where Wilmar, one of the world's largest palm oil producers ... it says is principally targeted at the domestic market – will help revive the country's palm oil production capacity. Although still Africa's largest producer by volume, Nigeria ...
This single African oil site produces almost as much oil as the whole of Britain
The Business Insider - 5/27/2015 2:51:15 AM
France's Total just revealed that its oil production ... level of production," Arnaud Breuillac, president of exploration and production, said in the regulatory statement. "Thanks to the commitment of our teams and a number of technological world firsts ...
OPEC Sees Rivals Boosting Oil Output Despite Weak Prices
NDTV - 5/28/2015 6:53:27 AM
and oil sands would guarantee aggregate growth at 6 percent per year and contribute 45 percent of the growth in energy production to 2035. "Improved technology, successful exploration and enhanced recovery from existing fields have enabled the world to ...
Rising oil prices
The Economist online - 5/26/2015 11:52:18 PM
Demand in China, now the world’s second-largest consumer ... Pumping by OPEC, the Organization of the Petroleum-Exporting Countries, has failed to derail the boom in American shale oil. Saudi oil production rose to a record 10.3m barrels per day (b ...
The U.S. Crude Oil Export Ban: An Outdated Relic Of The Past
jdsupra.com - 5/27/2015 7:54:54 PM
In the last five years, oil production in the U.S. has grown faster than any country in the world. In addition, refined oil exports, which are not restricted by the law, are being exported at a rate of 3.7 million barrels per day. Within the past year ...
How Much Does It Cost To Produce 1 Barrel Of Oil In Kurdistan (Russian Producers Gazprom, Lukoil, Novatek, And Roneft In 2014)?
Seeking Alpha - 5/26/2015 1:43:51 PM
Russia is the largest country in the world. In 2013 it was also the world's second ... For that reason I only consider costs that are directly related to oil and gas production. As the upstream business is a pure commodity business, many companies have ...
Sour is the new sweet: OPEC's view of oil quality dilemma
Zee News - 5/28/2015 7:14:56 AM
London: The US shale oil boom is turning global crude pricing on its ... It said turbulence in Iraqi production and exports from the country`s north also contributed to the tightness in sour grades, as did Russia`s decision to divert some of its exports ...
Adnoc research & development budget unaffected by dropping oil prices
Gulf News - 5/25/2015 8:08:36 AM
The UAE government had announced that it will continue to invest in the oil and gas sector to increase oil production to 3.5 million barrels per day (mbpd) by 2017. The country currently ... “The new centre will be world class and we’ve brought in ...
Crude Oil Prices Rise 40% on Lower Oil Rig Count
Spend Matters - 5/25/2015 2:27:59 PM
For months now, crude oil has been making headlines as the price ... production in the non- Organization of Petroleum Exporting Countries (OPEC), driven by increased production in the US - the world’s largest producer in 2014. The price fall was ...
Oil pares gains as dollar recovers
Reuters - 5/27/2015 6:54:38 AM
A weaker U.S. dollar makes dollar-backed commodities such as crude oil more attractive for holders of ... The Organization of the Petroleum Exporting Countries is expected to keep production steady at its meeting on June 5. "I am not so bullish on ...
11 Countries That Consume the Most Coffee in the World
INSIDER MONKEY - 5/25/2015 8:08:36 AM
Today, coffee is second only to oil as the most traded commodity in the world ... which supplies one-third of the entire world’s production. The other countries in top 5 are Vietnam, Indonesia, Colombia and Ethiopia. There are two ways by which coffee ...
Flame-out in oil-rich Canadian oilfields
biznews.com - 5/27/2015 10:46:41 PM
(Bloomberg) –Wildfires in northern Alberta have spread farther into the oil-sands area, keeping about 10 percent of production ... world’s fifth-largest crude supplier, produces most of its oil from the oil-sands reserves of northern Alberta. The ...
Will The World's New Swing Oil Producer Stand Up?
Forbes - 5/15/2015 12:02:22 PM
In three weeks, the Organization of Petroleum Exporting Countries will meet in Vienna for the first time since November, when OPEC decided not to cut production, sending the price of crude oil plummeting. With Brent crude oil having rebounded in recent ...