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
Top Oil-Producing Countries Fail to Reach Deal on Production Freeze
SB News Online - 4/28/2016 12:25:07 PM
The world's key oil producing countries failed to deliver any concrete agreement to freeze production at the end of their ministerial meeting in Doha, Qatar on Sunday amid disagreements on the wording of the agreement. Goldman Sachs said the Doha no-deal ...
OPEC Members Fail to Reach Deal on Production Freeze, Oil Tumbles
Tri-County Sun Times - 4/29/2016 12:35:16 AM
A meeting of the world's leading oil exporters to discuss capping production has ended without agreement ... on the output of key oil producers as a "new sanction" against the country's oil industry. A Calgary energy economist says the failure of weekend ...
BRIGGS: U.S. Oil And Gas Production Numbers Tell The Story
The Hayride - 4/28/2016 1:51:01 PM
The United States has experienced an oil and gas revolution over the last eight years through unconventional or shale drilling in plays all over the country ... the world. In just the last eight years, the United States has increased crude oil production ...
World Bank Raises 2016 Oil Price Forecast to $41 per Barrel
This Day Live - 4/28/2016 3:49:43 AM
Amid improving market sentiment and a weakening dollar, the World Bank has raised its 2016 forecast for crude oil prices ... following production disruptions in Iraq and Nigeria and a decline in non-Organisation of Petroleum Exporting Countries output ...
China Just Took a Giant Step in Its Takeover of Global Oil Markets
Money Morning - 4/29/2016 12:06:38 AM
Now, the country's objective used to be controlling oil production abroad, with the aim of transporting ... the next step in its plan to control the world's oil markets… And this time, it's not in the U.S.'s sleepy backyard, but in a major geopolitical ...
10 Top Gold-producing Countries
investingnews.com - 4/29/2016 12:20:57 AM
With that in mind, here are the world’s top gold-producing countries from 2015 ... the loonie has started to rise along with gold on the back of higher oil prices. Peru’s gold production decreased slightly in 2014 due to several factors, including ...
Guerrillas And Rebels Do For Oil Market What Producers Couldn't
Brunei Direct - 4/29/2016 12:56:44 AM
“The world has become highly prone to disruptions of supply in vulnerable petro states.” An effort by the largest oil-producing countries to seal a deal to freeze production failed after an April 17 meeting among OPEC members and nations outside the ...
Exploration and Production ETFs Could See Near-Term Retreats
ETF Trends Setting The Pace - 4/28/2016 8:57:32 AM
That includes ETFs devoted to exploration and production companies ... which has fueled pessimism over a potential slowdown in the second largest oil-consuming country in the world. [Read More: China ETFs Suffer New Year Hangover] Additionally, the ...
Can OPEC 'freeze' production, or is it already frozen?
Oil Voice - 4/28/2016 7:31:38 AM
Under these circumstances the logical reaction for a cash-strapped, oil-rich country would be to pump more oil to ... Generally it has, with OPEC's share of world production falling only by 0.3% between July 2014 and March 2016, according to OPEC monthly ...
A Fully Traceable And Ethical Palm Oil Supply Chain by 2020: Reality Or Bluster?
Forbes - 4/28/2016 2:05:20 PM
“We led the way in committing to delink palm oil production from deforestation in 2011 ... Indonesia is one of the most corrupt countries in the world, according to Transparency International’s rankings, and operating any certification scheme ...
World Bank raises 2016 forecast for oil prices
Gulf News - 4/27/2016 12:33:28 PM
Dubai: Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil ... following production disruptions in Iraq and Nigeria and a decline in non-Organization of the Petroleum Exporting Countries ...
Iran discovers shale oil reserves
freerepublic.com - 4/28/2016 12:03:39 PM
Energy-rich Iran, which is the fourth country in the world for its proven oil reserves of 158 billion barrels, has discovered shale oil reserves in the Lorestan Province. This was announced by the Director of Center for Exploration and Production at the ...
Analysts Aren’t Buying the Oil Rally
Wall Street Journal - 4/28/2016 2:05:20 PM
such as production outages from Nigeria to Venezuela and a weaker dollar, might also prove temporary, analysts say. Continued weakness in the oil prices will bring further pain for oil producing countries and energy stocks. Cheap crude, however ...
Saudi Arabia will struggle to kick its addiction to oil: Kemp
Reuters - 4/28/2016 6:27:12 AM
Before the discovery of oil, Saudi Arabia was a desperately poor country ... bonanza were delayed by the world war, which led to the postponement of exploration and development work. But once the war ended, production and oil revenue began to ramp up.
Oil recoups heavy losses from Doha talks collapse
periodismotransversal.com - 4/28/2016 8:43:13 AM
Global oil prices slumped on Monday after rising tensions between the world's largest crude producers ... crippling oversupply by freezing oil production levels. The meeting was attended by the delegations from 18 countries. "We're going to secure our ...