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, 2014See also: Oil - production map
IHS Oil Sands 2025 Production Forecast: Growth of Nearly One Million Barrels During 2016-2025
Yahoo Finance - 6/27/2016 3:10:11 PM
IHS expects continued oil sands production growth through the period ... profitable growth and employs nearly 9,000 people in 33 countries around the world. IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks ...
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 9:58:47 AM
It said it has uncovered more than 1 billion barrels of oil in Uganda since operations began and most of that was in the country's Lake Albert basin. Once production begins, the World Bank estimates Uganda could bring in up to $2 billion per year in revenues.
OPEC Member States Continued to Exceed Cartel's Oil Production Quota in May
Talk Of The Devils - 6/26/2016 9:30:45 PM
Oil has advanced about 86 pct from a 12-year low since four months ago as world glut is cut by instability and a drop in USA production which is under strain from the Organization of Petroleum Exporting Countries' policy of pumping without limits.
Why Citi Says Lower Gas Prices Aren't Helping the World (C)
Investopedia - 6/27/2016 5:40:30 PM
Such a precipitous drop in prices has occurred largely because of the Organization of Petroleum Exporting Countries ... crude oil and 60% of the total petroleum traded internationally, OPEC members collectively decided in November 2014 to raise production ...
Nigeria: Oil militants call for referendum on breaking up country
The Indian Express - 6/27/2016 2:52:53 AM
Oil ... production with attacks on pipelines are calling for a referendum on breaking up the Nigerian federation. The Niger Delta Avengers group posted a map on social media Sunday suggesting that the West African power house could be split into five ...
Key highlights from IEA oil market report
MusicZine - 6/26/2016 2:06:57 PM
OPEC also forecast on Monday that the world oil market would be more balanced ... to disruptions in major fields cut global oil production by almost 0.8 mb/d in May, with falls in both OPEC and non-OPEC countries. In New York, US benchmark West Texas ...
War over oil fuels Libya’s migrant crisis
Workers World - 6/26/2016 2:57:03 PM
At present two different National Oil Corporations claim to be legitimate controllers of petroleum resources in the country. Libyan oil production has dropped off ... is worse than ever since the end of World War II. The World Health Organization stated ...
OPEC says oil markets will rebalance in second half 2016
nanonews.org - 6/26/2016 6:28:49 AM
World demand ... taking global oil demand to an average 94.18 mb/d for the whole year, the cartel said Monday. IEA said that the oil market is balanced due to unplanned outages and demand, particularly from emerging economies. OPEC production is seen ...
OPEC Sees Global Oil Market Balancing Toward the End of 2016
News in Film - 6/26/2016 8:47:48 PM
World ... and other countries. In May, OPEC's output fell by 100,000 barrels a day, the group said, citing independent sources. It expects demand to grow next year by 1.3 million barrels a day, the same as this year. According to the crude oil inventory ...
Oil and Gas in 2016: Black Legend Capital Explains Why Now is the Time to Invest in Oil and Gas
EIN Newsdesk - 6/26/2016 3:04:13 PM
the U.S. surpassed Saudi Arabia and Russia to become the world’s largest oil producer; by the end of 2014, the U.S. had nearly doubled production from 2009. Total U.S. crude oil and liquid fuels production hit 13.71 MMb/d in December 2014 and remained ...
Oil prices ease again after Brexit vote
Reuters - 6/27/2016 7:24:54 AM
International Energy Agency chief Fatih Birol also downplayed the impact of Brexit on global oil demand. "Since a big chunk of oil demand is from emerging countries ... and the likely return of production," Morgan Stanley said in a note.
Poten & Partners: Brexit Could Boost UK – EU Crude Oil Trades
World Maritime News - 6/27/2016 10:09:32 AM
The figures for exports over the last 10 years from the UK to countries in the European Union show that the exports are slowly trending down, primarily as a result of the decline in crude oil production ... economy in the world after the USA, China ...
Forget Oil, This Commodity is Poised to Rally Long Term
The Motley Fool - 6/26/2016 4:01:29 PM
Oil is up! Oil is down ... And while some developed countries, notably Germany, have chosen to shift away from nuclear, construction of new nuclear power plants around the world hasn't stopped. In fact, as you read this, there are 61 reactors being ...
Oil revenue plunges $438 billion to 10-year low, OPEC says
theheraldbusinessjournal.com - 6/26/2016 11:53:55 PM
OPEC said its oil ... s production rose by 4.9 percent to 10.193 million a day, according to the report. While drilling activity declined in OPEC nations last year, with the number of rigs dropping by 60 to 887, the drop-off in other parts of the world ...
For us, India is becoming the world’s centre of gravity for innovation and production
The Hindu - 6/27/2016 1:41:18 AM
This year, it has invested $200 million to develop its largest engineering centre in the world at Bengaluru, where 6,000 of its 8,000 engineers in the country operate from ... as ground zero of innovation and production of the emerging new middle class ...