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, 2012
See also: Oil - production mapRelated News
Why Are OPEC Countries Abandoning Oil Consumption?
Daily Finance - 5/17/2013 1:43:58 AM
The first thought that comes to mind with OPEC is oil. This collection of countries is responsible for over 40% of all oil production around the world. For many of these countries, oil is far and away the largest source of governmental revenue. In Saudi ...
With U.S. Awash in Oil, Keystone Argument Weakens
Bloomberg - 5/23/2013 7:09:07 PM
InsideClimateNews.org-- U.S. oil production is suddenly growing so fast that some analysts are questioning how much the country really needs the Canadian tar sands oil that would move through the proposed Keystone XL pipeline. This month ...
US boom transforming global oil trade
WOOD - 5/22/2013 10:16:26 PM
With lower demand in the West and higher production in the Americas, much less oil will flow from the Middle East to Europe and the United States. Instead, Middle Eastern oil will head to Asia and likely strengthen economic and political ties ...
US shale forcing Saudi Arabia to cut oil production
fuelfix.com - 5/23/2013 12:46:45 AM
Saudi Arabia has cut crude oil production this year and will have to cut it further if it wants to prevent a significant drop in the global oil price, according to the latest Global Crude Oil Outlook from Energy Security Analysis Inc. The ...
Oil flow shifting direction
Durango Herald - 5/19/2013 6:35:05 AM
Americans created the world oil market more than a century ago ... If prices fall, however, members could be asked to cut production at a time when those countries desperately need oil revenue to fund domestic programs. “Pressure on OPEC is going ...
Chevron Can Bubble To $145 On Improving Production Outlook
Forbes - 5/23/2013 5:07:26 PM
Chevron’s price estimate updated to near $1145 apiece on rising production and stable demand. Chevron’s ongoing large scale natural gas projects in Australia are expected to boost its production by more than 20% by 2017. Crude oil prices ...
China Soybean Imports Seen by Oil World Jumping 17% Next Season
Bloomberg - 5/21/2013 1:42:13 PM
China’s soybean imports, the world’s largest, may jump 17 percent in the next season as the country rebuilds stockpiles, Oil World said. China may import 68 million metric tons of soybeans in the 2013-14 marketing year that begins Aug. 1 ...
OIL MARKET IS BEING RESHAPED BY U.S. BOOM
Utsandiego - 5/19/2013 12:04:22 PM
“It will affect relationships between countries. Most leaders believe they ... the political and economic benefits of lower U.S. imports, however. Because the oil market is global, a supply disruption in the Middle East would send prices higher ...
Oil above $104 on stronger equities, weaker dollar
Yahoo! News - 5/20/2013 8:42:45 AM
The IEA last week forecast 8 percent growth in world oil demand on aggregate between 2012 and 2017, while supplies outside the Organization of Petroleum Exporting Countries are expected to rise 10 percent. Brent could rise to $105.94 if it breaks through ...
World eyes Gulf nations as demand for oil grows
Gulf News - 5/19/2013 11:53:02 PM
The latest and most up to date products, services and technology for oil and gas exploration, production, processing, maintenance, new refining will be required more in this region than anywhere in the world. Adipec is already established as one of the ...
Oil production starts offshore Vietnam
United Press International - 5/21/2013 9:38:50 AM
CALGARY, Alberta, May 21 (UPI) -- Canadian company Talisman Energy said it expects to produce 15,000 barrels of oil per day from its newly launched development offshore Vietnam. Talisman said it started oil production at the offshore Hai Su ...
When oil forecasts get it wrong
The Christian Science Monitor - 5/20/2013 9:43:00 PM
Perhaps the IEA means that using these new techniques to unlock so-called light tight oil deposits beyond the United States will bring about this supply shock? Nope. The report states specifically that over the forecast period through 2018 ...
Afghanistan to start first commercial oil production in July
pakistantoday.com.pk - 5/20/2013 1:40:25 AM
Shahrani quoted by ABC News said, the oil production will eventually supply oil domestically in a bid to prevent oil import from outside the country. In the meantime Australia has pledged to provide training opportunities for the Afghan mines officials in ...
What Strong Dollar? US Boom Provides Oil Hedge
CNBC - 5/20/2013 5:10:59 PM
Mark Finley, BP America's general manager of global energy markets and US economics, said in an e-mail reply to a question from CNBC that "oil prices are primarily driven by oil market supply and demand fundamentals, rather than movements in the dollar ...
South Sudan cuts oil output citing problem with exports to Sudan
Yahoo! News - 5/21/2013 12:23:28 PM
JUBA/KHARTOUM (Reuters) - South Sudan's government said on Tuesday it had almost halved the country's oil production due to a "problem" with oil exports to Sudan, suspecting its rival had closed the cross-border pipeline. "There has been a problem with the ...
