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
No-One Knows How Much Oil Is Being Stored Around the World
MIT Technology Review - 7/25/2016 3:48:34 PM
a large fraction of the world’s economy remains opaque. In oil-rich countries like Angola, Brazil, and Nigeria, production often defies industry watchers’ best estimates. That means global oil prices are based on a massive amount of guesswork.
Shell Oil Workers in North Sea Threaten to Strike
New York Times - 7/25/2016 5:50:15 PM
... stoppage by Kuwaiti oil workers sharply cut the country’s production. Oil service providers are also hoping for some relief. Paal Kibsgaard, the chief executive of Schlumberger, one of the world’s largest oilfield services companies, told analysts ...
Busting Media Myths On Peak Oil
theburningplatform.com - 7/24/2016 5:58:36 PM
That world oil production continues to eke out small gains is due entirely to production from unconventional sources not included in Hubbert’s models. But those sources have shown themselves to be exquisitely sensitive to price. In the two countries best ...
IEA, Wood Mackenzie worry over global oil market recovery
Vanguard - 7/25/2016 11:19:32 PM
TWO influential think tanks, International Energy Agency, IEA, and Wood Mackenzie, have raised worries about the pace of recovery in the world oil market. The IEA, the oil-consuming countries ... the Middle East’s production rose last month to a ...
India expands crude oil refinery capacity
The National - 7/23/2016 7:22:42 AM
to one of the world’s largest exporters of refined petroleum products in 2014 to 2015," PwC says. But production of crude oil within India is very limited, which means the country is heavily dependent on imports – and this dependency is growing.
Dawn - 7/25/2016 1:43:53 AM
The world’s top crude-oil exporter, Saudi Arabia is boosting gas capacity, with major new projects meant to reduce the country’s reliance on crude ... after a gas development called Wasit started production in March. It is expected to add 20pc to ...
U.S. oil production falls; global demand climbs
Oklahoma News - 7/22/2016 5:07:52 AM
Still, oil production is declining in the United States and globally ... While supply and demand are approaching equilibrium, the world and country still have record levels of oil in storage. "Although stocks are close to topping out, they are at such ...
Pakistan's oil output drops 8% with gradual fall in reserves
The Express Tribune - 7/23/2016 7:54:19 PM
In the previous fiscal year 2014-15, the country’s oil production stood at 95,000 barrels per day ... low in the year under review due to “existing low oil prices in world markets for quite a long period now… Owing to the low oil prices it is ...
Nigeria assumes oil at $42.5, output at 2.2mn bpd for 2017
Business Recorder - 7/25/2016 3:19:56 PM
The West African country has budgeted for a record 6.06 trillion naira ($19.64 billion) of expenditure this year, of which he said 2.123 trillion naira had already been allocated. The 2016 budget, signed into law in May, assumes oil production of 2.2 ...
Oil market to grow despite changes in global energy mix
Saudi Gazette - 7/23/2016 9:05:54 PM
The report said the total global oil reserves today stands at around 2092 billion barrels, or 70 times the current production rate ... not Saudi Arabia, is the country with the largest volume of oil reserves in the world. As per the Rystad Energy estimates ...
Singapore Becoming an Oil Tracker’s Nightmare — Energy Journal
The Wall Street Journal Blogs - 7/25/2016 6:51:41 AM
TAKE A GUESS Millions of barrels of oil are being sent to countries which ... Iran boosted its oil production after international sanctions against the nation were removed early this year as part of a nuclear deal with six world powers.
Oil prices extend losses on supply worries
Economic Times - 7/25/2016 5:11:28 AM
referring to blazes that hit the country's key oil fields. Canada is the largest supplier of crude to the United States. Gupta said media reports of increased production from Iraq have also added to market pressure. At about 0300 GMT, US benchmark West ...
Daily output of Iran's South Pars gas field to rise to 540mcm by March 2017
Payvand Iran News - 7/25/2016 3:05:37 PM
Iran, which sits on the world's largest gas reserves, intends to enhance gas production by increasing foreign and domestic investment, especially in its South Pars gas field. The country produced 192.5 billion cubic meters (bcm) of natural gas in 2015 ...
Asian Countries Still Being Bullied by Beijing in South China Sea
cdanews.com - 7/23/2016 5:42:29 AM
The dispute is holding up production. Most foreign oil firms are not willing to commit resources to ... in a region where the U.S. military has been a dominant factor since World War II, but the increasing influence of China is changing the diplomatic ...
Drilling, IPO unaffected by oil price, Saudi Aramco chief says
My West Texas - 7/24/2016 7:42:59 AM
Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s chief executive officer said, signaling that the world’s ... Petroleum Exporting Countries in December ...