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
Iran wants OPEC to make room for it to enter the market
The Business Insider - 4/17/2015 8:42:20 PM
Behrouz Mehri/AFP/Getty ImagesIran's Oil Minister Bijan Zanganeh delivers a speech during the marking of the 50th anniversary of the establishment of the ... urging OPEC to cut production to allow for the return of Iran to the world oil market.
Countries, Oil Companies Commit To Zero Flaring By 2030
Leadership - 4/18/2015 1:50:08 AM
Chief executives from major oil companies joined together yesterday with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the ...
Oil Firms, Nations Agree to End Gas Flaring
Wall Street Journal - 4/17/2015 5:07:35 PM
Andrei Lushin, World Bank Group Executive Director for Russia, said in remarks at the event that the country flares the most gas associated with oil production in the world. “That is a problem of course, but this is also a potential to achieve large ...
Iran's tantalising oil prize
MENAFN - 4/19/2015 10:10:02 AM
The country also has the world's largest proved gas reserves of almost 34tn ... which would make it a poor choice for oil and gas production. But the formation has been heavily fractured because of the folded nature of the Zagros Basin, making it an ...
Sizing up what Iran could bring to the oil table
Gulf News - 4/19/2015 11:57:24 AM
The country also has the world’s largest proved gas reserves of almost 34 ... which would make it a poor choice for oil and gas production. But the formation has been heavily fractured because of the folded nature of the Zagros Basin, making it an ...
Oil prices fall for first time in seven days
Times of India - 4/18/2015 2:36:04 PM
The 12-member Organization of the Petroleum Exporting Countries (OPEC), which pumps about a third of the world's oil, reported Thursday that its production in March rose by 810,000 barrels per day to average 30.79 mbpd, above the cartel's quota.
Higher Oil Prices on the Horizon After Saudi Arabia Flexes Its Muscles
The Motley Fool - 4/18/2015 6:03:40 PM
After watching U.S. shale players and countries like Brazil, Angola, and Russia increase oil production and taking market share ... Internet One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make ...
Oil Companies, Nations Commit to End Flaring by 2030
gCaptain - 4/16/2015 11:56:47 PM
A group of 25 major oil companies ... of routine gas flaring at oil production sites by 2030. The new initiative, Zero Routine Flaring by 2030, was announced Friday by United Nations Secretary-General Ban Ki-moon and World Bank Group President Jim Yong ...
Mills: EIA Projects Continued Volatility In Oil Prices
Wichita Falls Times Record News - 4/19/2015 12:40:21 PM
... growth in domestic crude oil production. The “High Oil Price” case assumes higher world demand for petroleum products, less upstream investment by the Organization of the Petroleum Exporting Countries (OPEC), and higher non-OPEC exploration and ...
Crude Oil Futures (USO) Trade Down Following OPEC Report
bidnessetc.com - 4/17/2015 2:44:25 PM
In a report released on Thursday, the Organization of Petroleum Exporting Countries (OPEC ... Investors viewed the increase in crude oil production from the cartel that supplies around one-third of the world’s crude oil as a sign of the oversupply ...
World Bank Initiative To End Routine Gas Flaring By 2030
Law 360 - 4/17/2015 7:30:45 PM
Several major oil companies and countries have agreed to end the practice of routine gas flaring at oil production sites by 2030, according to a World Bank statement Friday announcing a new initiative that would lower global carbon dioxide emissions and ...
Brent crude oil prices fall as OPEC production soars
Money Control - 4/17/2015 2:08:37 PM
Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped ...
Oil price soars in mixed week for commodities
Dawn - 4/19/2015 2:39:03 AM
The Organisation of the Petroleum Exporting Countries (Opec) predicted that US crude ... Opec, which pumps around a third of the world’s oil, saw its production in March rise by 810,000 barrels per day to average 30.79 mbpd, Ang said.
Low Prices Hit U.S. Oil Output — Energy Journal
The Wall Street Journal - 4/17/2015 10:33:53 AM
New data and forecasts, including by the Organization of the Petroleum Exporting Countries ... in Europe amid some skepticism that oil production will shift into a lower gear and reduce the global surplus. The world’s main energy agencies have in ...
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.