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
Oil prices fall as Greece defaults with IMF, US, OPEC production rise
Economic Times - 7/1/2015 4:14:26 PM
Analysts said rising production from the Organization of Petroleum Exporting Countries (OPEC) as well as in the United States were also weighing on prices. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated ...
Venezuela’s Biggest Oil Refinery Confronts Challenges
Wall Street Journal - 7/1/2015 11:59:43 PM
PUNTO FIJO, Venezuela—At Amuay, this oil ... this country’s economy, but they pay us like we’re the lowest of the low,” said Ivan Freites, who heads a union representing workers at Amuay and an adjacent refinery, Cardón, that make up the world ...
Nigeria: Opec Battles to Regain Crude Oil Revenue
AllAfrica - 7/1/2015 11:28:06 AM
Crude oil production in OPEC Member Countries reached 30.7m bpd during 2014, down 2.9 per cent from 2013, year-on-year". It put the overall OPEC share to the world crude production total in 2014 at 41.8 per cent, lower than in 2013, when it was 43.3 per cent.
EU rapeseed crop hit by dry weather, raising import needs
Reuters - 7/1/2015 12:32:31 PM
Rapeseed, the main oilseed for vegetable oil and biodiesel production, has suffered from a lack ... damage have reduced rapeseed harvest prospects in some countries including Germany," Oil World executive director Thomas Mielke said.
Norway Increases Oil and Gas Drilling as Oil Prices Stabilize
Economy Watch - 7/1/2015 3:31:29 PM
Latest news about the state of the world economy ... that Johan Sverdrup will make up 25 percent of oil production from the Norwegian continental shelf. All of this is good news for Norway, but the country still has hurdles to overcome when it comes ...
Oil and gas deals inimical to economic growth’
Ghana Web - 7/2/2015 2:37:12 AM
Parliament has been called to reject the Petroleum Exploration and Production Bill 2014 and adopt ... “It is noteworthy that 81 countries in the world, with 34 in Africa producing oil and Gas according to our investigation, have signed into the ...
Oil States International Downgraded by Zacks to Strong Sell (OIS)
sleekmoney.com - 7/1/2015 11:45:24 PM
With locations around the world, Oil States is a leading manufacturer ... services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling ...
World Food Prize goes to founder of anti-poverty group
USA Today - 7/1/2015 2:05:35 PM
WASHINGTON – Sir Fazle Hasan Abed had a prestigious career working for Shell Oil ... countries like India and Pakistan," said Abed, 79. "We provided support and worked together with the government to deliver change in our society." The World Food Prize ...
A look at crude oil exports
Hays Daily News - 6/29/2015 11:54:56 PM
During the past several years, our nation has left behind decades of energy scarcity and has become a worldwide leader in energy production ... country’s energy consumption. Today, the U.S. is the No. 1 producer of oil and natural gas in the world.
Brazil and Iraq decrease oil output
PennEnergy - 7/1/2015 4:14:26 PM
Instead of becoming two of the world's largest exporters ... Brazil and Iraq's goal to become two of the top five oil producing countries by 2020 seems to be under contention at this point. The U.S.'s shale production is still in a good state, however.
Current Oil Price Slump Far From Over
Inside Futures - 6/30/2015 5:20:02 PM
The world crossed a boundary in which prices are ... Lower demand and continued supply growth from non-OPEC countries caused a production surplus beginning in 1982. Oil prices fell from $106 per barrel in 1980 to $31 per barrel in 1986.
If Iran gets green light to export its oil, expect this
CNN Money - 7/1/2015 4:14:26 PM
the fourth largest in the world. It also sitting on the second largest reserves of natural gas. But much of that has not been developed yet, due to the isolation it has faced in recent years. U.S. oil companies have been largely blocked from the country ...
Oil falls below $63 as Greece defaults, supply soars
Yahoo Finance - 7/1/2015 9:04:56 AM
World powers and Iran are holding ... of other currencies and tends to weigh on oil prices. The report by industry group API, as well as a jump in production by the Organisation of the Petroleum Exporting Countries (OPEC) and the United States, weighed ...
Brazil a Victim of Oil Prices and Its Own Hype
The Motley Fool - 6/30/2015 7:57:31 PM
Just two years ago, Brazil confidently predicted that it would be able to double its oil production on the back of its pre-salt fields, allowing the country to produce 5 million ... for both Petrobras and Brazil as a world oil producer.
OPEC Crude Production Surges As Iraq Pumps At Record Pace
AINA - 6/30/2015 9:09:06 PM
Output by the Organization of Petroleum Exporting Countries climbed 744,000 ... the benchmark for more than half the world's oil, ended at $62.01 on Monday, the lowest close since April 15. Iraqi Output Iraqi production rose 567,000 barrels a day to ...