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
Offshore production nearly 30% of global crude oil output in 2015
technology.org - 10/25/2016 11:53:35 PM
In 2015, five countries provided 43% of total offshore oil production: Saudi Arabia, Brazil, Mexico, Norway, and the United States. Saudi Arabia. The world’s largest offshore producer has several large offshore oil fields including the Safaniya oil field ...
Oil Prices Waver, Rise in Turbulent and Complex Market
Voice of America - 10/27/2016 2:22:44 AM
Faltering U.S. oil production made it necessary to bring more crude oil into the country, and oil imports reached a six ... OPEC pumps about one-third of the world's petroleum, and news that OPEC members and some other major oil producers might agree ...
As cracks emerge in global oil pact, Saudis may need to compromise
Reuters - 10/27/2016 9:32:13 AM
SAUDIS "DESPERATE" FOR A DEAL An attempt to bring non-OPEC Russia, the world's top oil producer, into a cut deal was ... bpd - about 185,000 bpd higher than estimates of the country's September production by OPEC secondary sources. Riyadh has historically ...
MCX Crude Palm Oil market under long liquidaton
Commodity Online - 10/28/2016 7:57:59 AM
Palm oil production in Malaysia, the world's second-largest producer ... Malaysia's Prime Minister courted voters with cash aid and subsidies and pledged to cut the country's large fiscal deficit to keep the economy on a strong growth track.
A “New Normal” for the Oil Market
blog-imfdirect.imf.org - 10/28/2016 2:07:13 AM
For one thing, shale oil production has permanently added to supply ... been driven by China and other emerging-market and developing countries. While China accounts for just 15 percent of world oil consumption, its contribution to oil demand growth ...
Here’s why the Age of Oil could end in 15 years – and what that means
peakoil.com - 10/27/2016 3:44:27 PM
And other countries have only begun to adopt fracking. The oil shale rock formations responsible for the boom in U.S. production are widespread throughout the world. It’s estimated that Europe has more recoverable shale gas than the U.S. As countries ...
Offshore Oil Accounted For 30% Of Global Output In 2015
Yahoo Finance - 10/26/2016 9:50:43 PM
In 2015, five countries provided 43 percent of total offshore oil production: Saudi Arabia, Brazil, Mexico, Norway, and the United States. Saudi Arabia is the world’s largest offshore producer and has several large offshore oil fields including the ...
OPEC May Need Help to End the Global Glut of Oil
Bloomberg - 10/27/2016 1:46:56 AM
The Organization of Petroleum Exporting Countries aims to shrink the world’s bloated oil inventories with its first production cut in eight years, according to Secretary-General Mohammed Barkindo. Yet the bloc’s own data show that even the maximum ...
Crude oil lingers around $50 per barrel
The Hindu Business Line - 10/27/2016 6:47:35 AM
A cut is being pushed by Saudi Arabia, OPEC’s biggest producer, and it is being supported - at least by word - by Russia, not a member of the cartel but the world’s ... sparked fear in the oil industry that the country’s oil production could be ...
Oil price falls below $50 for first time in 24 days
Punch - 10/26/2016 7:06:04 PM
The dip comes on the back of growing doubts that the Organisation of Petroleum Exporting Countries would cut production enough to stem the supply glut in the market. Brent, against which half of the world’s oil is priced, fell by 81 cents to $48.98 per ...
Oil Prices Climb but Uncertainties Remain
theepochtimes.com - 10/26/2016 12:53:50 PM
John England, vice chairman, Deloitte The members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut oil production on Sept ... above $50 per barrel since the OPEC deal. The World Bank revised its 2017 oil price forecast from ...
ExxonMobil discovers a billion barrel oil field in Nigeria
venturesafrica.com - 10/28/2016 7:43:40 AM
But this discovery will no doubt have a positive impact on the country’s crippled production and export operations ... ExxonMobil is the world’s largest publicly traded international oil and gas company. The company has joint venture partnerships ...
Oil and a green Guyana
Stabroek News - 10/27/2016 6:04:38 AM
The global price of oil is determined by production and this is currently controlled ... cheap energy all over the world. In the developed countries, there are entire towns that have eschewed the use of fossil fuels and are being run on either solar ...
Global Offshore Oil Production Climbing, With Strong Contribution from U.S., Says EIA
NGI - 10/26/2016 9:50:43 PM
"More than 27 million bbl of oil was produced offshore in 2015 from more than 50 different countries," EIA ... for 7% of global offshore production." The leading offshore producer, Saudi Arabia, is responsible for 13% of the world’s total offshore ...
The Keys to Maximizing Diesel Production in Refinery Operation
process-worldwide.com - 10/28/2016 7:36:30 AM
Routes for diesel production – Over the period 2015 ... This is likely to increase to 45 per cent by 2040 according to World Oil Outlook 2015 published by Organization of the Petroleum Exporting Countries (OPEC). It is the most demanded product among ...