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
World Oil Production
peakoil.com - 3/29/2017 11:55:53 PM
The BP Statistical Review of World Energy has oil production data by country up to the end of 2015. This is what that looks like from 1988: The United States increased production by 5.1 million barrels per day from 2010 to 2015. The increase in production ...
This Is How Many Barrels of Oil the 13 OPEC Countries Produced Last Month
The Motley Fool - 3/24/2017 7:48:17 AM
and how the different OPEC countries are affected by oil prices. OPEC's oil production and how it compares to the rest of the world According to the U.S. Energy Information Administration, 96 different countries produce crude oil, with estimates ranging ...
Is OPEC Losing Its Ability To Influence Oil Prices?
econintersect.com - 3/27/2017 12:52:32 PM
The Organization for Petroleum Exporting Countries (OPEC) has exerted a great deal of control over world-wide oil production and prices since 1960.1 The figure below shows the percentage of oil production by country for 2015. OPEC member nations made up 42 ...
OPEC urges members to uphold oil production cuts
Market Watch - 3/26/2017 7:02:58 AM
We assured ourselves — and the world — that we would.” Oil prices rose 20% initially after OPEC’s production-cut deal was announced Nov. 30 and those gains were sustained when 11 countries outside the cartel, including Russia, the world’s largest ...
United Arab Emirates Energy Profile: Among World’s 10 Largest Oil Producers – Analysis
Eurasia Review - 3/29/2017 6:33:45 PM
1 Nonetheless, UAE’s crude oil and other petroleum liquids production has grown over the same period. In addition to the country’s large hydrocarbon economy, the UAE is becoming one of the world’s most important financial centers and a major trading ...
Can OPEC still control the oil market?
Al JAZEERA - 3/27/2017 7:26:14 PM
The discussion was held in Kuwait, but its outcome could affect the entire world. Oil producing countries are considering further cuts in output to try and force prices higher. Ministers from both OPEC and non-OPEC countries met in Kuwait City on Sunday to ...
OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months
zerohedge.com - 3/26/2017 8:00:14 AM
ramping up production where possible, using their own domestic resources or incentivizing higher activity from the international oil companies through more attractive contract structures and tax regimes. In the rest of the world, projects and countries ...
Oil Under $48 Opens The Door For Income Investors
Seeking Alpha - 3/27/2017 5:28:43 AM
World oil production outpaced consumption in recent years ... and undeveloped economies worldwide and by efforts of the Organization of Petroleum Exporting Countries (OPEC) to curb production. The graph below shows production and consumption of crude ...
Struggle for control of Libya's oil threatens to deepen conflicts
The Guardian - 3/29/2017 9:04:05 PM
It will also suggest giving or taking away investment licences, and specifying the daily oil and gas production. Sanalla has for months urged Serraj to hand over extra cash to repair and restore the country’s damaged oil infrastructure. Production has ...
OPEC, non-OPEC to look at extending oil-output cut by six months
gdnonline.com - 3/27/2017 6:11:40 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said.
The ongoing fight for Libya's strategic 'oil crescent'
worldbulletin.net - 3/29/2017 9:29:44 AM
Earlier this month, however, they lost two of the region’s most lucrative oil ports -- Al-Sidra and Ras Lanuf -- to BDB militiamen. The Al-Sidra and Ras Lanuf energy terminals are two of the country’s largest, with a combined production capacity of ...
The Peak Oil Estimate You Won’t Believe: A Tale Of Two Sigmoids
Energy Trends Insider - 3/28/2017 7:25:03 PM
Today there are more than 80 countries offering crude oil for sale on the global market. U.S. refineries were never obligated to buy only domestic crude, but rather shopped the international market for best price. In the real world where oil-producing ...
U.S. Crude Oil Exports Went To More Countries In 2016
The Auto Chanel - 3/28/2017 6:49:16 PM
when annual U.S. crude oil production grew rapidly. Following the removal of restrictions on U.S. crude oil exports in December 2015, the United States exported crude oil to 26 different countries in 2016, compared with 10 countries the previous year.
Fading oil industry brings economic uncertainty in Gabon
Reuters - 3/28/2017 9:30:55 AM
production is in decline, the recovery is slow and may not come at all. The oil sector has accounted for 80 percent of exports, 45 percent of gross domestic product, and 60 percent of budget revenue on average in the past five years, according to World ...
OPEC, non-OPEC committee recommends extending oil output cut by six months
Channel News Asia - 3/26/2017 11:49:18 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said. (Reporting by Rania El Gamal, Vladimir Soldatkin, Ahmed ...