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
Who Will Rule the Oil Market?
New York Times - 1/24/2015 10:46:25 AM
Prices would have spiked, countries seeking cheaper oil would have broken ranks — and Iran ... American output could decline. Production elsewhere in the world will also be flattening. But by then, the world economy might be doing better, stimulating ...
OPEC Crude Oil Production, What's Next?
Seeking Alpha - 1/23/2015 6:11:25 PM
(click to enlarge) Despite having more oil reserves than anyone else in the world, Venezuela's oil production ... their own and which ones are languishing? OPEC production peaked in 2012 and only four countries have held their own or slightly increased ...
Oil Takes Over the World - Part Two: Inventing the Need for an Unlimited Oil Supply
Daily Kos - 1/24/2015 1:42:23 AM
Also in 1876 - The Petroleum Production Company Nobel Brothers ... By the turn of the century, Azerbaijan was producing more oil than any other country in the world. Also in 1883 - tales of "tar springs" would take Pennsylvanian Mike Murphy west to ...
Oil surges after Saudi King’s death
aquila-style.com - 1/24/2015 5:31:27 AM
Saudi Arabia, the world’s top oil exporter, added to the slide when it led a decision by the Organization of the Petroleum Exporting Countries (OPEC) to keep the cartel’s production quota unchanged at a meeting in November. In afternoon Asian trade on ...
New Saudi king stresses continuity on oil, terrorism
AsiaOne - 1/24/2015 2:42:38 PM
Salman was appointed governor of Riyadh province while in his 20s and contributed to the modernisation of the country ... oil prices. But Salman is expected to continue the kingdom's current policy of maintaining market share and is unlikely to cut production.
U.S. crude down, Brent up as world reacts to Saudi king's death
Yahoo News - 1/23/2015 4:45:31 PM
"That story even trumps the death of the king of the biggest oil producing country basically in the world ... analysts said. Booming U.S. production has turned the United States from the world's biggest oil importer into one of the top producers, pumping ...
Death of Saudi king unsettles oil market; prices waver
Japan Times - 1/24/2015 12:37:57 AM
The small rise reflects added uncertainty about Saudi oil policy because the country’s new absolute ... is providing a boost to the stumbling world economy is unlikely to reverse unless Saudi Arabia cuts production or world demand starts strengthening ...
Who will rule the oil market? (Analysis)
iranoilgas.com - 1/24/2015 6:43:02 AM
Prices would have spiked, countries seeking cheaper oil would have broken ranks ... American output could decline. Production elsewhere in the world will also be flattening. But by then, the world economy might be doing better, stimulating oil demand.
Saudi Prince Alwaleed: Oil Will Never See $100 Again
NBC News - 1/24/2015 10:03:28 AM
The world will never again see the price of oil at $100 per barrel ... "Eventually there's no doubt that some countries have to blink and reduce their production. ... I don't see Saudi Arabia or the OPEC countries blinking," he said.
India’s economy on the rise as oil price drops
The National - 1/24/2015 10:32:06 AM
The country was the world’s fourth-largest consumer and importer of ... Insufficient investment in developing more crude oil and liquids production has caused production to grow at a slower rate than oil demand.” The Middle East is India’s major ...
The countries slammed worst by plunging oil prices
CNBC - 12/5/2014 5:57:56 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production. It's also created a windfall for countries, companies and consumers that use all that oil. The latest evidence came in Friday's trade data ...
Saudi Arabia’s new ruler King Salman may not change oil policy
Economic Times - 1/24/2015 3:01:07 AM
Naimi led the Organization of Petroleum Exporting Countries to its November 27 decision to keep production unchanged, ignoring pleas for a cut in the group's output by Venezuela, Algeria and other members that depend on higher oil prices to balance their ...
Prince Alaweed predicts end of $100 per barrel oil, which could hamper future production in Alberta
Georgia Straight - 1/24/2015 1:06:35 AM
An influential Saudi Arabian prince has declared that oil prices will never again ... why Saudi Arabia didn't immediately curtail production to raise the world price, Prince Alaweed replied that other countries desperate for revenue would simply boost ...
Death of Saudi king unsettles oil market, prices rise
ABC 15 Taking Action - 1/23/2015 4:02:34 PM
The small rise reflects added uncertainty about Saudi oil policy because the country's new absolute ... that is providing a boost to the stumbling world economy is unlikely to reverse unless Saudi Arabia cuts production or world demand starts strengthening ...
King Abdullah’s death unlikely to deter Saudi oil plans
The Boston Globe - 1/24/2015 1:20:54 AM
LONDON — The death of King Abdullah of Saudi Arabia on Friday is unlikely to deter the desert kingdom from maintaining a high level of oil production ... 10 percent of the world total. In recent years, Saudi Arabia has adjusted its production in what ...