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 rice after Yemen intervention
worldbulletin.net - 3/26/2015 11:14:17 AM
Bab el-Mandab is the fourth biggest choke point for oil in the world, with 3.8 million barrels ... The oil cartel decided against cutting back on production on Nov. 27, 2014 to maintain market share against non-OPEC countries' rising oil output levels.
Oil surges after Saudi strikes in Yemen
CNN Money - 3/26/2015 3:31:59 PM
It has the world's largest proven oil reserves and production capacity. The country's leading position within the OPEC cartel makes it a key player in setting world oil prices. Adding to the uncertainty is Yemen's strategic location on a shipping route ...
Oil Producers Sound Retreat From China
Wall Street Journal - 3/27/2015 11:20:15 AM
BEIJING—Global oil companies ... and-production strategy in China. It declined to provide a breakdown of its China spending this year. Shell says it remains committed to China and cooperating with PetroChina on projects around the world.
These 2 emerging giants are the biggest beneficiaries of cheap oil
The Business Insider - 3/27/2015 8:17:08 PM
With the possible addition of Iranian oil to the global oil supply, the refusal of OPEC to cut down its production levels ... is the fourth largest global consumer of oil in the world. Since the country imports around 80% of its total crude oil requirement ...
3 Very Real Reasons Why Lower Oil Prices Could Be The Catalyst For World War III
MARKET DAILY NEWS - 3/27/2015 8:31:27 PM
This increased level of production has quickly led to the United States resuming her position as the leading oil producing country in the world, a title not held for more than a decade. Have you ever wondered how billionaires continue to get RICHER ...
Saudi Arabia, Kuwait to beef up oil security after Yemen strikes
Arabian Business - 3/28/2015 7:01:22 AM
Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could disrupt world ... oil production was about 100,000 barrels per day (bpd) in March 2014. The country ...
US drillers are fighting back against OPEC, low oil prices
The Augusta Chronicle - 3/27/2015 6:22:36 PM
NEW YORK — OPEC and lower global oil prices have delivered ... oil and gas producer in the world. The increase alone in daily U.S. production since 2008 – nearly 4.5 million barrels per day – is more than any OPEC country produces other than Saudi ...
Jim Cramer -- Welcome to a New Oil World No Longer Beholden to Saudi Arabia
The Street - 3/27/2015 9:54:21 AM
much to the chagrin of a regime that has 10 million barrels a day of production and is still the swing producer in the world that can influence price more than any country on earth. And this is all that oil can mount? A meager couple of bucks on the news ...
Schlumberger - One Of The Best Current Oil Plays
Seeking Alpha - 3/26/2015 5:12:12 PM
Much of this demand is coming from a growing middle class and demand from developing countries. This is significant ... from where the majority of Saudi Arabia's oil production comes from and over 5% of the world's oil production. However, this field ...
Anadarko Petroleum: Oil Price Scenarios That Could Significantly Impact Its Valuation
Forbes - 3/26/2015 12:40:11 PM
unless the Organization of Petroleum Exporting Countries decides to sacrifice on some of its market share for better prices. This is because oil production in the U.S. can quickly start growing again at an annual rate of around 1 million barrels per day if ...
Oil prices fire up as Yemen becomes new battleground in Saudi-Iran rivalry: ‘There will be repercussions’
Financial Post - 3/25/2015 11:54:15 PM
Having Yemen fail cannot be an option for us or for our coalition partners One of the Arab World’s poorest countries ... by the raging conflict, as its oil production is already cut by about 70% in recent years. The country’s oil infrastructure ...
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.
PetroChina wants to smoothly sail away from the oil sand business
Mining - 3/28/2015 10:00:20 AM
The move includes an almost 10% cut in exploration and production spending compared ... The firm has operations in its home country and around the world. In Canada, it is the partner of Calgary-based Athabasca Oil Corp (TSX:ATH) from which it bought ...
Fighting near strategic oil chokepoint in Yemen causes crude to spike
investing.com - 3/26/2015 6:38:06 PM
Saudi Arabia, which maintains the world's largest crude oil production capacity ... government in Yemen and to prevent the Houthi militias from controlling the country by force." Oil traders are sensitive to risky geopolitical news involving Saudi Arabia ...
Oil ETFs Jump on Yemen Concerns & Weaker Greenback
ZACKS - 3/27/2015 5:25:20 PM
Notably, Middle East accounts for about one-third of the world’s total oil production. Clash in Saudi – the top ... If Oil Prices Keep Falling, Avoid These 4 Country ETFs). Houthi fighters have a firm control over the southern city of Aden in Yemen.