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
Biggest Oil Buyers Pick Themselves as Winners From OPEC Meeting
Bloomberg - 11/27/2015 3:37:54 AM
Members of the Organization of Petroleum Exporting Countries will gather Dec. 4 in Vienna, where Iran has said it will announce plans to boost production by 500,000 ... the benchmark for more than half the world’s oil, has dropped about 20 percent ...
OPEC meet in focus as oil post gains on geopolitical tensions
CNBC - 11/25/2015 4:37:32 AM
magnifying the impact of a possible cut in production from the Organization of the Petroleum Exporting Countries. Russia is one of world's largest oil producer and the conflict that took place on the edge of Syria contributes significantly to the premium ...
Olam: El Nino Has Already Hurt Palm Oil Trees
Wall Street Journal - 11/26/2015 1:04:35 PM
Malaysia and Indonesia produce around 85% of the world’s palm oil, which is used in everything from cookies to lipstick, and annual production from the two countries is in excess of 50 million tons. Write to Lucy Craymer at Lucy.Craymer@wsj.com
The Kingdom Offers Less Oil
Seeking Alpha - 11/26/2015 12:32:58 AM
Given the mythical status of Saudi supply, this was the one country ... production and capacity, there is simply too much here, especially timing, in and of the "dollar", to instead go searching the sand to desperately provide an oil supply answer to the ...
Major oil gains came from outside OPEC
United Press International - 11/25/2015 1:34:24 PM
"The United States surpassed Saudi Arabia and Russia and became the first oil producer in the world ... Countries remains robust, Eni said the "most significant" increase came from non-OPEC members, where gains increased by 2.2 percent. Iraqi oil ...
The oil gambit
The Express Tribune - 11/24/2015 11:58:22 PM
The biggest black swan event of the year is most certainly Saudi Arabia’s hike in oil production, which has thrown the international ... The USSR was one of the world’s largest oil producers at the time and their primary source of foreign income ...
Saudi Arabia world's largest oil producer
NYSE Post - 11/26/2015 5:36:36 PM
The Organization of the Petroleum Exporting Countries meets on December 4 ... The oil cartels' insistence on maintaining their position as the world's supplier of oil meant that production was kept high despite a lack of demand, which exacerbated the ...
Low Oil Prices Could Spell Trouble For The UK Through Dramatic Tax Losses, Shuttered Businesses
International Business Times - 11/26/2015 4:03:33 PM
... is much more expensive than in leading producer countries like Saudi Arabia, low prices could make it economically questionable to continue to expand shale field drilling and oil production. World oil prices rose dramatically during the early 2000s ...
OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Rigzone - 11/24/2015 7:47:49 PM
Their “experiment in letting prices bring adjustments to the world’s oil balance has yet to run ... after a seven-year hiatus that was triggered by the Asian country’s wilting oil production. The ceiling may be raised to 31 million barrels a day ...
Iran gears up for big return to world oil markets
WPTZ 5 News Channel - 11/24/2015 4:48:52 PM
Crews are working flat out, hoping to quadruple production ... country delegations from Europe and Asia -- often including energy CEOs in tow -- beating a path to Tehran since the interim agreement was signed July 14. Iran's reemergence as a world oil ...
UN agency urges African countries to invest in mining sector
Daily Nation - 11/27/2015 3:02:06 AM
“The benefits that the extractive industries could bring to developing countries include revenues for host countries through production sharing agreements ... Africa is home to eight per cent of the world’s oil and gas reserves. The United States ...
Oil up after Saudi's comments, but will OPEC change their output strategy?
Al Bawaba - 11/25/2015 11:25:34 AM
The world's biggest oil producer added that it is ready to cooperate ... and after a decision by the Organization of Petroleum Exporting Countries last year not to cut production. OPEC will meet on December 4 to review their output strategy.
UPDATE 1-Russia, Saudi Arabia set up working group on oil, gas cooperation
Reuters - 11/26/2015 4:10:42 PM
Russia accounts for about 12 percent of global oil output. Saudi Arabia is the world's top exporter of crude. Organization of the Petroleum Exporting Countries ministers are set to meet next in Vienna on Dec. 4 to coordinate the group's production.
Is the OPEC Ready to Cut Oil Production?
Forex Street - 11/24/2015 10:10:59 PM
With the Organization of Petroleum Exporting Countries ... oil in the world and its economy relies heavily on its energy exports. Oil diggers in Canada are then able to rake in higher profits when prices are up, encouraging them to boost production ...
Oil prices up in Asia ahead of OPEC meeting, US report
Pakistan Today - 11/25/2015 7:43:39 AM
Oil prices climbed in Asia Tuesday ahead of a key meeting of the Organization of Petroleum Exporting Countries (OPEC) and a report on US commercial crude inventories to gauge demand in the world’s biggest ... signal to slash production to ease the ...