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
Algeria plans to boost oil output by 30%
CNN Money - 7/28/2016 2:54:54 PM
While Algeria's effort to boost oil production might not be groundbreaking, its natural gas potential remains an interesting prospect. The country is sitting on the world's third largest reserves of natural gas, but its difficult business climate and ...
World Bank Lifts 2016 Crude Price Forecast But Glut Continues
Oil Price - 7/27/2016 8:51:00 AM
Related: Low Oil Prices Kill Off 7 Billion Barrels Of Oil Production The prices of energy ... Director of the World Bank’s Development Prospects Group, said. Countries exporting energy and agricultural commodities have to seek to diversify their ...
Forests, species on four continents threatened by palm oil expansion
Science Daily - 7/27/2016 10:27:03 PM
"Many past studies have focused solely on Indonesia and Malaysia, which produce more than 80 percent of the world's palm oil. By evaluating deforestation caused by palm oil production in 20 countries across four regions, our study demonstrates that the ...
Gloomy Days in the Oil Patch, but Some See a Glimmer of Light
New York Times - 7/29/2016 3:50:58 PM
Oil companies have slashed their exploration and production budgets ... inventories remain at record highs around the world, in large part because the Organization of the Petroleum Exporting Countries cartel, which is led by Saudi Arabia and still accounts ...
Where in the World Is Palm Oil Deforestation?
Union of Concerned Scientists - 7/27/2016 1:58:49 PM
Through discussions with our collaborators at UCS, we identified the need for a study that examines deforestation for oil palm plantation expansion in many regions of the world to inform ... live in these places. In the countries we studied, we saw clear ...
World Bank Raises Oil Prices Forecast to $43
Thailand Business News - 7/27/2016 6:13:31 AM
The World Bank ... of agricultural production, movements in energy prices have been a major factor in the path of food prices, a special feature of the Commodity Markets Outlook says. Both energy and agricultural commodity exporting countries need to ...
Oil sector credit downgrades rattle a shaken industry
asia.nikkei.com - 7/29/2016 9:02:57 AM
In early June, Saudi Arabia, the world's third biggest oil producer, failed to convince the other members of the Organization of Petroleum Exporting Countries to agree to a production ceiling. It has since vowed to maintain production capacity at 12.5 ...
Oil prices slip towards $40 a barrel and the brink of a bear market
Calgary Herald - 7/29/2016 8:41:29 AM
While excess crude production is abating ... In some countries the glut seems to be getting bigger, with weekly U.S. government data on Wednesday showing a surprise inventory increase in the world’s biggest oil consumer at a time when summer driving ...
Special Report: In Venezuela's murky oil industry, the deal that went too far
Reuters - 7/26/2016 8:48:01 PM
the world's largest crude reserve. The project was designed to shore up the OPEC country's stagnating oil production and ease an economic crisis. Then, out of the blue, a tiny Colombian trucking and trading firm with no relevant experience beat global ...
World Bank raises oil price forecast but it’s not all good news
Yahoo Finance - 7/26/2016 4:23:10 PM
The institution noted oil prices jumped over a third in the second ... excess inventory was partly offset by new supply coming on-board. The World Bank said production from non-OPEC countries declined, but OPEC production rose, as Iran pumped vigorously ...
History of the world in 52 packs | 35. Olive oil
packagingnews.co.uk - 7/28/2016 11:55:56 AM
Olive oil use in the UK shot up by 250% between 1974 and 2013, making us the sixth biggest export market in the world. As this market ... regions such as California and countries like India are ramping up production, diluting the once unshakable ...
No One Knows How Much Oil Is Being Stored Around the World
UK Progressive - 7/29/2016 1:03:21 AM
a large fraction of the world’s economy remains opaque. In oil-rich countries like Angola, Brazil, and Nigeria, production often defies industry watchers’ best estimates. That means global oil prices are based on a massive amount of guesswork.
OPEC oil output set to reach record high in July - survey
uk.mobile.reuters.com - 7/29/2016 3:40:50 AM
Supply from the Organization of the Petroleum Exporting Countries has risen to 33.41 million ... The increase in OPEC production has added to downward pressure on prices. Oil LCOc1 has fallen from a 2016 high near $53 a barrel in June to $42 as of Friday ...
Tetra Tech's 10 Top-Valued Projects Led by Corpus Christi LNG, Global Mining Plans, an Industrial Info News Alert
PennEnergy - 7/28/2016 11:05:50 AM
About 70% of the total investment value can be found among the 10 highest-valued projects, and more than 95% of the total can be attributed to just three industries: Oil & Gas Production ... could nearly double the world's production of lithium-i...