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
This Is How Many Barrels of Oil the 13 OPEC Countries Produced Last Month
The Motley Fool - 3/24/2017 7:48:17 AM
and how the different OPEC countries are affected by oil prices. OPEC's oil production and how it compares to the rest of the world According to the U.S. Energy Information Administration, 96 different countries produce crude oil, with estimates ranging ...
OPEC, non-OPEC to look at extending oil-output cut by six months
Reuters - 3/27/2017 11:12:19 AM
The Organization of the Petroleum Exporting Countries and rival oil-producing nations were meeting in Kuwait to ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said. (Reporting by Rania El ...
Is OPEC Losing Its Ability To Influence Oil Prices?
econintersect.com - 3/27/2017 12:52:32 PM
The Organization for Petroleum Exporting Countries (OPEC) has exerted a great deal of control over world-wide oil production and prices since 1960.1 The figure below shows the percentage of oil production by country for 2015. OPEC member nations made up 42 ...
OPEC urges members to uphold oil production cuts
Market Watch - 3/26/2017 7:02:58 AM
We assured ourselves — and the world — that we would.” Oil prices rose 20% initially after OPEC’s production-cut deal was announced Nov. 30 and those gains were sustained when 11 countries outside the cartel, including Russia, the world’s largest ...
OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months
zerohedge.com - 3/26/2017 8:00:14 AM
ramping up production where possible, using their own domestic resources or incentivizing higher activity from the international oil companies through more attractive contract structures and tax regimes. In the rest of the world, projects and countries ...
Oil Under $48 Opens The Door For Income Investors
Seeking Alpha - 3/27/2017 5:28:43 AM
World oil production outpaced consumption in recent years ... and undeveloped economies worldwide and by efforts of the Organization of Petroleum Exporting Countries (OPEC) to curb production. The graph below shows production and consumption of crude ...
OPEC, non-OPEC committee recommends extending oil output cut by 6 months
Money Control - 3/26/2017 5:51:23 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said.
Oil producers eye output cut extensions
WA today - 3/27/2017 5:57:21 AM
The Organisation of the Petroleum Exporting Countries and rival oil-producing nations were meeting in Kuwait to ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said.
Russia remains world’s top oil producer in January
India - 3/21/2017 10:39:28 PM
Moscow, March 22 (IANS) Russia continued to be the world’s largest oil producer in January ... of the Petroleum Exporting Countries (OPEC) and 11 non-OPEC producers, including Russia, agreed in November 2016 to trim production by a total of 1.8 million ...
Saudi pledges stable oil supply as market confused by data
hellenicshippingnews.com - 3/24/2017 11:23:02 AM
On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non-OPEC states to curb production by 1.8 million bpd ... Saudi Arabia, the world’s top oil exporter, has long been OPEC’s only holder of significant spare ...
Oil producers look into rollover of output cuts
www.geo.tv - 3/27/2017 3:12:43 AM
The cuts aim to reduce world oil supplies and boost prices that have ... the progress made towards full conformity with the voluntary production adjustments and encouraged all participating countries to press on towards 100 percent conformity," producers ...
Should You Invest Your Tax Refund In Oil?
Forbes - 3/23/2017 5:33:28 AM
Statements from states that centrally manage oil production can be particularly influential ... because Russia is currently the world’s top oil producer and the country maintains close control over the industry. In particular, the oil market tends ...
OPEC, non-cartel nations may extend oil cut another 6 months
News-Sentinel - 3/26/2017 3:35:22 AM
The Organization of the Petroleum Exporting Countries agreed in late November to cut its production by 1.2 million barrels a day, the first reduction agreed to by the cartel since 2008. Eleven other non-OPEC oil-producing countries pledged in December to ...
Russian Federation keeps previous forecasts for oil prices, despite lower global stock - minister
hoyentv.com - 3/27/2017 4:05:48 PM
to allay fears that the deal may fall apart before it has had a chance to eat into the world oil glut? On November 30, 2016, OPEC countries agreed on reducing oil production by 1.2 million barrels per day for the first six months of 2017, with a daily ...
OPEC, non-OPEC committee recommends extending oil output cut by six months
Channel News Asia - 3/26/2017 11:49:18 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said. (Reporting by Rania El Gamal, Vladimir Soldatkin, Ahmed ...