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
World oil production - where are we headed?
The bull - 7/27/2014 10:24:51 AM
Saudi Arabia is not immune to the problems of the other countries. According to BBC, there is already a hidden uprising taking place in eastern Saudi Arabia. US Oil Production is a Bubble of Very Light Oil The US is the world’s third largest producer of ...
America Has Saved the World From a Global Oil Crisis
The Motley Fool - 7/19/2014 4:10:46 PM
Let's take a look at what has happened in the world oil markets during the past several ... War between Sudan and South Sudan has led to oil production being half what it was since then from the now separate countries. The Arab Spring has sent Libya ...
U.S. Leads the World in Oil Production and Climate Denial
Ring of Fire - 7/23/2014 3:15:55 PM
Just this week, the U.S. was announced as the leading producer of oil in the world. It beat out Saudi Arabia and all the other countries in the world. The U.S. is also the world leader in climate change denial. It’s a terrifying combination that leaves ...
Algeria Spending $100 Billion To Turn Around Falling Oil And Gas Production
Forbes - 7/24/2014 11:04:12 AM
Intent on finally turning the tide on a five year decline in oil and gas production ... is home to the world’s third largest shale deposits behind China and Argentina with 707 trillion cubic feet, though this remains unproven. The country’s potential ...
Oil Prices Affected By Ukraine-Russia, Israel-Hamas and ISIS-Iraq Conflicts
The Inquisitr - 7/21/2014 1:16:36 PM
Often, the spike in oil prices during times of conflict in the Middle East or in other oil rich countries like Russia rises more than the actual effect on oil production and distribution ... The report also suggests that the world could see a spike in ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
OPEC Says Oil Production, Market Share Fell in 2013
Wall Street Journal - 7/18/2014 7:22:15 AM
In an annual statistical report, the Organization of the Petroleum Exporting Countries said its collective crude production was ... Iraq's crude oil reserves rose 2.8% in 2013, it added. ARTICLES 1 Opinion: Obama to World: Drop Dead Subscriber Content ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth in 2012 (+14%), whereas ...
World Bank to loan oil and gas sector Sh4.4bn
Business Daily Africa - 7/27/2014 5:55:49 PM
The loans to be advanced would be invested in developing measures to generate more private investment, promote efficient production, and increased government revenues. The World Bank will disburse Sh4.4 billion ($50 million) to finance Kenya’s oil and ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more.
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
Oil-rich countries are increasing production to keep up with increasing demand around the world, especially in the emerging economies. Let's take a look at some nations that are witnessing biggest gain in production. Image: A taxi driver fills his cab at a ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
Chevron U.S.A.’s base oil facility begins production
Mississippi Business Journal - 7/21/2014 1:02:17 PM
helping countries around the world meet increasingly strict regulatory requirements and higher performance standards for lubricants. Premium base oil is the main ingredient in the production of top-tier motor oils that help improve fuel economy ...
New World Bank Project Will Support Country Efforts to Better Manage Oil and Gas Developments and Revenues to Invest in Lasting Growth and Development
Hispanic Business - 7/25/2014 10:23:03 PM
The World Bank's Board of Executive Directors today ... will focus on development measures to generate more private investment in the country's oil and gas industry, boost more efficient production, manage the impacts, allocate higher government oil ...
More investments needed as world oil demand rises next year
NATIONAL MIRROR - 7/22/2014 10:33:46 PM
It maintained that, “World oil demand in 2015 is forecast ... spreads to bilateral energy ties with many of our member countries. “For example, Russia’s Lukoil recently started oil production from the giant West Qurna-2 oil field in Iraq; Russian ...