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
Russia increases involvement in Libya by signing oil deal
The Guardian - 2/21/2017 12:57:04 PM
However, Iran, Nigeria and Libya were permitted not to cap and even to increase oil production due to their ... in Libya and Schlumberger , the world’s largest oilfield services company, resumed operations in the country about three months ago.
OPEC gets no better than ‘C-minus’ on production cuts as global glut endangers price recovery
Financial Post - 2/21/2017 12:49:54 PM
The short-lived recovery of world oil prices ... Four countries are actually increasing output above their reference levels, including Iraq, Venezuela, Algeria, and the Emirates. While Saudi Arabia has slashed production, it has not cut exports by the ...
Hartstreet Oil: OPEC Production Cuts May Have Underestimated The Permian's Improving Breakevens
Seeking Alpha - 2/20/2017 2:59:56 PM
The Peak Oil theorists were wrong, as unconventional production was great enough to effect the world's supply and demand balance ... Midland has some of the best economics in the country. Results from this county and others like it will have great ...
Norway's oil production lower than expected
United Press International - 2/21/2017 6:09:02 AM
Norway is one of the larger energy producers in the world and a main ... Gains or declines in production from Norway could skew efforts from the Organization of Petroleum Exporting Countries to balance a market and support crude oil prices.
Rosneft signs Libya oil deal as more investors return to country
worldoil.com - 2/21/2017 1:47:10 PM
CAIRO (Bloomberg) -- Rosneft signed investment and crude-purchasing agreements with Libya’s National Oil Corp ... African country to gain access to Africa’s largest reserves. Moscow-based Rosneft agreed to invest in exploration and production in ...
This Is the World’s New Top Producer of Crude Oil
FORTUNE - 2/21/2017 5:18:56 AM
Saudi Arabia has once again been overtaken in December as the world's top crude oil ... This is the first time Russian oil production has overtaken that of Saudi Arabia since last March, according to Bloomberg. Both countries saw their output down from ...
Oil rises towards top of recent trading range as OPEC cuts output
Reuters - 2/21/2017 4:43:09 AM
LONDON Oil rose on ... key exporters reduce production. [O/ICE] Net long U.S. crude futures and options positions are also at a record high, U.S. data showed on Friday.[CFTC/] Members of the Organization of the Petroleum Exporting Countries and other ...
Russia overtakes Saudi Arabia as world’s largest crude oil producer
africanspotlight.com - 2/20/2017 2:59:56 PM
At the same time, America is neck-and-neck with China as the world’s largest ... of the Petroleum Exporting Countries (OPEC) and oil producers outside the cartel led by Russia have agreed to prop up prices by cutting production by almost 1.8 million ...
World’s Largest Oil Producer Will Float 700 Megawatts Of Renewable Energy Tenders
CleanTechnica - 2/21/2017 4:17:30 PM
The world’s largest oil producing country plans to set up 300 megawatts of solar and 400 megawatts of wind energy capacity through these auctions. All the projects are expected to be commissioned in the northern part of the country. Energy Minister ...
Saudi crude oil production, exports fall in Dec
techknowbits.com - 2/20/2017 10:56:34 AM
According to a survey by Reuters published on January 31, Iran has increased its oil output by 20,000 bpd in January after the country was exempted from the OPEC cuts. Year-on-year, world oil supply declined by 460,000 bpd, according to the report.
Iran among world’s top economies by 2050
customstoday.com.pk - 2/21/2017 9:22:19 AM
TEHRAN: A recent study shows that Iran will be among 32 most powerful economies in the world by 2050. The study that was ... that serious plans have been devised to increase the country’s oil production to as high as 5 mb/d over the next few years ...
US Shale Production To Soar By 3.5 Million Barrels/Day Over Next Five Years: BofA Explains Why
zerohedge.com - 2/20/2017 5:27:17 AM
Specifically, Blanch predicts that US shale oil production could grow by a whopping ... today's news that Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed ...
Sticker shock for olive oil buyers after bad Italian harvest
KSL - 2/21/2017 2:30:07 PM
ROME (AP) — From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock ... most of all in Italy, where production is halved from last fall. That's pushing up Italian wholesale prices by ...
OPEC chief Barkindo plays down threat from rise in U.S. oil output
Market Watch - 2/21/2017 10:41:03 AM
“More than any other group of producers, [U.S. shale] have been impacted negatively by this adverse cycle, and they therefore tend to benefit the most from the actions taken by the 24 producing countries ... oil industry, he said. “This is a new world ...
Russia dethrones Saudi Arabia as world’s largest crude oil producer
www.neweurope.eu - 2/20/2017 8:00:35 PM
Russia has surpassed Saudi Arabia as the world’s largest crude oil ... The Organization of the Petroleum Exporting Countries (OPEC) and oil producers outside the cartel, including Russia, have agreed to cut production by almost 1.8 million barrels ...