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
OPEC Blames Speculators, Non-OPEC Countries, US Frackers for Oil Price Crash
Safe Haven - 12/22/2014 12:05:31 AM
U.S. oil production has soared as a result of the shale boom ... their interests to cooperate to ensure high prices for everyone" is laughable. Every country in the world wants the other countries to be the ones to cut supply. Cooperation is not going ...
Top Source of Oil Vows to Ride Out Price Slump
New York Times - 12/21/2014 9:35:11 PM
Ali Al-Omair, the oil minister of Kuwait said OPEC did not need to cut production and would not hold ... which include the world’s lowest-cost producers, and nonmember countries, Mr. Naimi said, “The best thing for everybody is to let the most ...
Saudi Arabia Confident in Oil Rebounding on Global Growth
Bloomberg - 12/21/2014 2:25:41 PM
Saudi Arabia, the world’s largest oil exporter ... a lack of cooperation from producers outside the Organization of Petroleum Exporting Countries, Saudi Arabia Oil Minister Ali Al-Naimi said at a conference in Abu Dhabi yesterday. Al-Naimi ended his ...
Turbulence in the Oil Market and the Economy
Brookings - 12/22/2014 12:51:27 PM
In the past, Saudi Arabia has reduced its production a lot in order to support the world price. But today’s environment ... effects on employment and GDP in 2015. For countries such as Russia, where oil sales are a major source of budget revenues and ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
Gulf oil producers stand firm on OPEC output
Zee News - 12/21/2014 5:24:39 PM
... competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old alliance of the Organisation of Petroleum Exporting Countries. World oil prices have fallen almost 50 percent since June, mainly due to ...
Drought, disease and olive oil shortage to cost consumers dear
CITY A.M. - 12/22/2014 5:06:10 AM
Dire harvests in the world’s top olive oil producing countries Spain and Italy mean global production this season will hit a 15-year low, sending prices spiralling upwards. According to the International Olive Council (IOC), global production for 2014-15 ...
'Irresponsible' non-Opec producers blamed for oil price plunge
Business Recorder - 12/21/2014 10:39:37 PM
World prices have fallen almost 50 percent since June ... The global oil market has become increasingly competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old Opec alliance.
Why Saudis Decided Not to Prop Up Oil
Wall Street Journal - 12/22/2014 3:18:47 AM
Shale-oil production in places like Texas and North Dakota has ... Riyadh’s relationship with Washington over the past decade. Close allies since World War II, the countries prospered on the kingdom’s providing a steady oil flow in exchange for America ...
No conspiracy behind oil price fall: Al-Naimi
Arab News - 12/21/2014 10:39:37 PM
World prices have fallen almost 50 percent since June ... The global oil market has become increasingly competitive in recent years with the surge in shale and sand oil production from countries outside the decades-old OPEC alliance.
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.
The countries slammed worst by plunging oil prices
CNBC - 12/4/2014 11:57:02 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
Falling Oil Prices, the Saudis Plead Not Guilty
cubiclane.com - 12/21/2014 8:30:46 PM
During an energy forum in Abu Dhabi, Saudi Oil Minister Ali al-Nuaimi, whose country is the world’s largest oil exporter ... oil producers in the United States who have a higher cost of production than the OPEC producers. Another minister of Energy ...
Sudan Produces 41% of Arab World's Oil Seeds
Sudan Vision - 12/21/2014 7:19:11 PM
Director General of the Organization Tariq Ben Musa said Sudan is the largest producer stating that the production of the Arab world in 2012 ... the current status quo of oil seeds production and oil industries in the Arab countries.