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
In Russia, World’s First Ice-Resistant Oil Platform Starts Production
Think Progress - 4/21/2014 5:06:13 PM
“this is, in fact, the beginning of our country’s enormous work on oil production in the Arctic.” Gazprom is a giant Russian energy company responsible for about 10 percent of the country’s GDP. Russia has already invested over $4 billion in ...
Challenges Lie Ahead for North American Oil Production
New York Times - 4/22/2014 1:37:26 PM
Canada’s oil sands have vaulted the country to energy superpower status ... been in decline as an oil producer in recent years, Canadian production has soared. The biggest oil find in the world last year occurred in deep waters off the coast of Newfoundland.
Has crude oil production already peaked?
The Christian Science Monitor - 4/16/2014 12:47:17 PM
The oil from deep shales (properly called "tight oil") is allowing production to grow in the United States even as production sinks elsewhere in the world. Other countries having shales containing oil will likely try to exploit them. But, the retirement ...
Dawn - 4/21/2014 3:01:32 AM
China the world’s second largest economy and oil ... rebels seeking greater autonomy continued to take their toll on the country’s oil sector. Saudi Arabia also reduced its crude production by 81,000 barrels/day to 9.7m barrels daily in March.
East Africa: Global Oil & Gas Export Hub by 2020?
Rigzone - 4/21/2014 4:01:47 PM
East Africa could become the world’s next oil and gas export hub by 2020 ... Recent developments in the exploration and production industry in three East African countries – Kenya, Mozambique and Tanzania – have laid a possible foundation for ...
Obama Stymies Oil and Natural Gas Production on Federal Lands
Forbes - 4/16/2014 11:53:01 PM
While oil and natural gas production has surged on non ... and Norway produce– all countries with storied oil reputations – and explains why the U.S. is on track to be the world’s largest oil producer. Touting natural gas during this year’s State ...
Impact of dramatic increase in US Shale Oil production
Commodity Online - 4/22/2014 10:38:29 AM
US domestic crude and liquids production has expanded by 2.5 mn barrels per day or 33%. As a result, America became the largest contributor to increase in oil and natural gas supplies in the world in 2010-13 period. As America has started to move from a ...
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
... in both OPEC and non-OPEC countries do not use external auditors of reserves and do not publish detailed results. To act as a cartel and keep prices up, OPEC manipulates world oil supply by allocating crude oil production quotas among its members.
GCC can led a hand in Jordan’s oil-bearing rocks
Gulf News - 4/23/2014 8:28:27 AM
The GCC, for example, was able to create huge financial reserves that will enable it to cope with any difficulties or shocks caused by low prices in the case of increased oil production and decline in world demand. At the same time, other countries such as ...
OPEC's Oil Collapse
Energy and Capital - 4/18/2014 2:17:58 PM
Imagine how restrained oil exports out of the country will be if the fighting ... barrels of oil equivalent to its daily production. The Best Free Investment You'll Ever Make Our analysts have traveled the world over, dedicated to finding the best and ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more.
FACTBOX-Oil production cost estimates by country
Thomson Reuters - 7/28/2009 9:15:50 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
The World's Most Toxic Money Pit
Motherboard - 4/17/2014 7:55:36 PM
That's one understated way to describe the oil that some of the world's biggest companies ... effectively the GDP growth of the country," Fadi Farra, adviser to the Kazakh prime minister, said in March. Oil production, a bedrock of Kazakhstan's economy ...
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 ...