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
Oklahoma energy production makes it a world leader, survey says
Oklahoma News - 5/30/2015 12:38:51 AM
If Oklahoma was a country, it would rank in the top 30 nations in the world for its production of natural gas, oil and wind energy. A new survey by the American Petroleum Institute released the rankings for oil and gas on Thursday. It’s not quite ...
Venezuela, Russian oil company ink $14B deal to double country's output
Latino FOX News - 5/29/2015 8:28:19 PM
PDVSA said on Twitter the two countries on Wednesday had agreed to "create companies together" to boost crude production. Despite its economic upheaval, Venezuela remains one of the world's largest oil exporters and claims to have the world's largest crude ...
Soaring NatGas, Oil Production Puts U.S. States on Par With Global Nations, Says API
NGI - 5/29/2015 6:40:56 PM
Gas production statistics relied on 2012 data, while oil output used 2014 data ... "Shale production has changed the way other countries view competition from America." Isakower said for the United States to "harness the world-class opportunity in front ...
Putin pours money into Venezuela oil production
neurope.eu - 5/29/2015 4:39:15 PM
“We had a great meeting and agreed on investment of over $14 billion,” Maduro said during a televised broadcast, adding the funds would go toward doubling the oil production of Venezuela, which is a member of the Petroleum Exporting Countries (OPEC
Iran to pump 170,000 bpd crude oil to boost production
customstoday.com.pk - 5/29/2015 4:14:47 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.
Oil Rally Will Be Short Lived, Sharply Lower Crude Prices Will Remain Longer Than Expected
Seeking Alpha - 5/29/2015 8:11:01 AM
In recent weeks we have witnessed a rally in oil that was ... activity some of the world's largest economies like China, the Eurozone and Brazil starts to pick up. In fact, given the number of headwinds including growing OPEC production it appears highly ...
Russia, Venezuela Oil Firms Reach $14B Oil, Gas Production Deal
HNGN - 5/28/2015 2:31:35 PM
The state-owned oil companies of Russia and Venezuela have ... Confirming the deal, PDVSA said on Twitter that the two countries will create a company to boost crude production and expand crude extraction in the Orinoco Belt, where Rosneft already has ...
How a Geneva-based commodity trader became the largest exporter of Russian oil
Times Union - 5/28/2015 12:22:44 PM
Given that Russia is currently the world's largest oil producer, and production is largely controlled by a number ... threatening deeper economic damage to oil exporting countries and increasing the likelihood of oil company defaults.
Study shows Oklahoma ranks high in natural gas production
Tulsa World - 5/28/2015 11:32:38 AM
OKLAHOMA CITY — A new study by the American Petroleum Institute shows Oklahoma would rank among the world's top natural ... eight of the 12 OPEC countries in total natural gas production. The study released Thursday uses oil and natural gas production ...
Oil prices up ahead US oil supply data
City Index - 5/29/2015 2:34:34 AM
Investors are also awaiting a meeting by the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on June 5. The group is expected to maintain its production target ... more than required. World oil stocks are rising at 1.95 million bpd ...
U.S. Oil Drillers Idle Rigs for 25th Consecutive Week
Bloomberg - 5/29/2015 5:22:12 PM
... subsided as the Organization of Petroleum Exporting Countries, which accounts for about 40 percent of the world’s oil, resists calls to curb its own output. OPEC will maintain its production target when ministers meet in Vienna on June 5, according ...
Oil up 3 percent as dollar rally stalls and U.S. inventories ease
Reuters - 5/29/2015 4:29:06 AM
But crude prices were still on track to finish the week and the month lower on concerns that the world remained awash in oil. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting ...
UPDATE 1-Russia calls on oil producers not to boost output - local media
Reuters - 5/29/2015 2:05:56 AM
MOSCOW May 29 (Reuters) - Russia is calling on oil ... Countries (OPEC) next month in Vienna, just before the group's meeting on Jun.5. Russia is not a member of OPEC, and Novak said Moscow did not plan to seek an agreement with the group on specific ...
Study shows OK ranks high in natural gas production
Claremore Daily Progress - 5/29/2015 10:55:39 AM
A new study by the American Petroleum Institute shows Oklahoma would rank among the world’s top natural gas producing countries, even surpassing eight of the 12 OPEC countries in total natural gas production. The study released Thursday uses oil and ...
Oil giants brush up climate credentials ahead of Paris summit
Responding To Climate Change - 5/29/2015 3:46:09 AM
some of the world’s top fossil fuel producers are now acknowledge rising levels of greenhouse gas emissions could be an issue. Last week Saudi Arabia’s oil minister said the country could be finished with fossil fuels by 2040 or 2050, and offered the ...