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, 2012See also: Oil - production map
Oil and Gasoline Fast Facts
CNN - 10/31/2014 3:54:48 PM
(CNN)-- Here's a look at crude oil reserves and production around the world ... Members of the Organization of the Petroleum Exporting Countries (OPEC) produce 43.4% of the world's crude oil, and possess more than 81% of the world's total proven crude ...
'Brouhaha' looming over OPEC oil-production cuts, Yergin says
Fort Worth Business Press - 10/31/2014 7:58:11 PM
The Organization of Petroleum Exporting Countries is pumping more oil than its official ... OPEC only represents about one- third of world oil production, so they're not the dominant force in themselves." Producers of tight oil from shale rock formations ...
The 5 Worst Climate Villains Among World Leaders
The Motley Fool - 10/30/2014 7:16:26 PM
A desert country that was long the world's foremost oil producer, Saudi Arabia seems both naturally and intentionally destined to be a man-made climate change skeptic. Although the U.S. is poised to overtake it in terms of oil production, Saudi Arabia ...
OPEC oil output slips in October, still close to two-year high
Reuters - 10/31/2014 10:47:00 AM
LONDON, Oct 31 (Reuters) - OPEC's oil supply in October has ... Kuwaiti output but has not affected Saudi production as Riyadh holds a vast amount of capacity in reserve, sources in the survey said. Of the countries boosting output, the largest gain ...
POLL-Biggest oil price forecast cut since financial crisis-Reuters poll
Reuters - 10/30/2014 11:23:59 AM
Goldman Sachs and other analysts say the ability of the Organization of the Petroleum Exporting Countries, which pumps around a third of the world's crude oil, to influence prices has been eroded by the new shale oil production. But what is bad for oil ...
Argentine passes reform bill to spur oil investment
worldbulletin.net - 10/31/2014 6:50:47 AM
This spawned a 20 percent decline in oil and gas production ... country have come out in favor of the reform, saying it will help speed up investment, including in developing Vaca Muerta, a southwestern play considered among the greatest potential in the ...
OPEC Boosts Oil Output as Prices Slide to Four-Year Low
Bloomberg - 10/31/2014 1:31:39 PM
OPEC countries boosted oil output to a 14-month high in October ... Brent, the benchmark for more than half the world’s oil, touched $82.60 on Oct. 16, the lowest since November 2010 and down more than 20 percent from its June high, meeting the common ...
No need for panic over oil price plunge, OPEC chief says
Platts - 10/31/2014 12:38:33 AM
... in a hurry to rein in its own barrels to support oil prices at levels conducive to the production of the US tight oil that will absorb all the growth in world oil demand this year and next. Badri said that if prices remained around $85/b, a lot of oil ...
Oil price falloff serves US and Saudi strategic interests
The Irish Times - 10/31/2014 12:52:52 AM
During the next six months, oil production in Saudi Arabia increased fourfold, while oil prices collapsed ... The Soviet Union lost about $20 billion per year, money without which the country simply could not survive.”
Why oil prices went down so far so fast
Live Mint - 10/31/2014 7:33:44 AM
The Organization of Petroleum Exporting Countries boosted September production to an 11-month high of 30.9 million ... The Paris-based International Energy Agency predicted world oil consumption would expand at the slowest pace since 2009 after cutting ...
Saudi Economy | Quarterly Oil Market Update 2014Q3
SUSRIS - 10/31/2014 11:58:35 AM
US production increased by 3 mbpd in the five years since Q3 2009, but outages in five countries (Libya ... According to OPEC data world oil demand is expected to grow by 1.3 percent in 2015, or 1.1 mbpd, supported by non-OCED rises, with OECD countries ...
What Oil Is Telling You
The Huffington Post - 10/31/2014 11:29:57 AM
Since its recent peak at the end of June, the price of oil has dropped more than 20 percent ... to economic deterioration in other parts of the world. Investment dollars generally flow to countries offering relative high growth and economic opportunity.
Weak oil prices to continue, demand outlook bleak
The Malaysian Insider - 10/31/2014 12:20:04 PM
West Texas Intermediate crude prices need to drop around 13% from current levels to US$70 a barrel for producers in the country to cut back production, they said. The United States is expected to emerge as the world's top oil producer in 2015, according to ...
Oil Prices Make Sudden Reversal
FX Empire - 10/30/2014 4:43:07 AM
Crude oil is trading at ... War hasn’t stopped production in Iraq, which is pumping 3.1 million barrels a day, within 10 percent of February’s 13-year high. The Organization of Petroleum Exporting Countries boosted September production to an 11-month ...
How Russia, Iran and Other Oil-Rich Nations Will Be Slammed By Falling Crude Oil Prices
International Business Times - 10/30/2014 11:12:39 PM
Slowing growth in Europe and China is drying up demand, all while production is soaring ... For many of the world’s major oil-producing nations, falling prices are an economic bust. Countries whose revenues come mostly from oil -- such as Venezuela ...