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
Iran's Oil Boom Fizzles Out
Yahoo Finance - 6/26/2016 6:57:27 AM
Five months after sanctions on Iran were eased, the rapid rise in the country's oil production and exports appears to be ... More from Bloomberg.com: World Markets Roiled by Brexit as Stocks, Pound Drop; Gold Soars By May, Iran had regained more than ...
Opec points to oil demand exceeding production
Portal em dia - 6/25/2016 9:36:07 AM
The oversupplied oil market ... of falling USA production and a string of supply outages. Iran's strong return to the oil market after sanctions were lifted is also impacting the supply side this year, with the IEA calling the country the "fastest source ...
The Clock Is Ticking On Venezuelan Oil Production
Seeking Alpha - 6/24/2016 1:33:31 PM
The clock is ticking, it is only matter of when Venezuelan oil production will meet a steep ... gasoline prices in Venezuela are the lowest in the world, zapping any profits that would be made for the countries coffers. Since the government is subsidizing ...
Nigeria's Oil Revenue Dropped By U.S.$35 Billion in 2015
AllAfrica - 6/24/2016 11:39:00 AM
Other highlights of the report showed that in 2015, world crude oil production increased by 1.75 million barrels/day (mb/d), or 2.4 per cent, compared with 2014, marking the second-highest increase within the last 10 years. Among non-OPEC countries ...
Iran's oil exports have tripled since late 2015
Hartford Business - 6/15/2016 11:59:49 PM
All told, Iran's oil production has surged by 730,000 barrels per day since the end of 2015, the largest gain from any OPEC country. It fits in with OPEC's recent efforts steal back market share by flooding the world with lots of oil. More importantly for ...
Oil Prices Could Spike As Analysts See Venezuela Losing 500,000 bpd
Oil Price - 6/23/2016 4:09:12 AM
Venezuela is home to the world's largest oil reserves ... of Canadian production could prevent sharp price increases, but with the markets naturally moving towards a more decisive balance later this year, unexpected disruptions from countries like ...
Nigeria’s Dangote shifts focus from cement to oil and gas
Gulf News - 6/26/2016 10:17:53 AM
Lagos: Africa’s richest man, Aliko Dangote, plans to launch Nigeria’s first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries ... sector arm of the World Bank, has ...
OPEC export revenues plunged by half in 2015
Talk Of The Devils - 6/25/2016 12:10:37 AM
Nigeria's troubles - as well as those in fellow Opec member Libya - look long-term, the IEA said, while non-Opec countries will see production ... in Nigeria and an oil refinery strike in France. OPEC stuck with a forecast that world oil demand will ...
Oil prices pushed higher due to supply shortfalls - IEA
MusicZine - 6/25/2016 11:37:48 AM
with the return of large-volume shut-in production and slower-than-expected demand. After a strong first quarter for world oil demand, the Paris-based rich consumer countries' energy watchdog said it now expects demand this year to be 100,000 barrels per ...
Oil futures fall as global growth, Brexit concerns weigh
牛讯网 - 6/24/2016 11:06:11 PM
In its report, OPEC attributed the recovery to a myriad of factors, including a weaker dollar, falling production in the United States and forecasts of a sharp fall in non-OPEC oil supply this year, partly due to disruptions in some producer countries.
IEA says oil price unlikely to rise
Robertogato - 6/24/2016 11:27:40 PM
Prices tumbled last year as OPEC refused to concede market share to a crude surplus triggered by years of booming shale oil output from the U.S. OPEC forecasts that the world ... non-OPEC countries cut 800,000 barrels a day from global production in ...
OPEC Keeps Global Oil Demand Forecast Unchanged
Go Daddy - 6/25/2016 12:32:05 AM
The regulatory authority states in its monthly oil market that ... Increased Middle East production could not make up the shortfall, although the report noted Iranian fast-track output, which could add as much as 700,000 b/d to that country's production ...
IEA sees global oil market returning to surplus in early 2017
yamazaj.com - 6/24/2016 9:37:18 AM
The organization, which pumps about a third of the world's crude, said it expects demand for its oil this year to reach 31.5 million barrels a day. OPEC's estimates show that the country's oil production declined by 20,000 bpd to average 0.87 million bpd ...
Dangote Shifts Focus to oil and Gas- Business Insider
Niyi Tabiti - 6/24/2016 1:55:00 PM
LAGOS (Reuters) – Africa’s richest man, Aliko Dangote, plans to launch Nigeria’s first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries ... arm of the World Bank ...
IEA Raises Oil Demand Estimates, Market To Balance This Year
Formule poker info - 6/25/2016 1:57:59 AM
OPEC forecasts that the world oil market will be more balanced in the second ... the IEA said, while non-Opec countries will see production continue to fall by an average 900,000 bpd this year, including 500,000 bpd for USA shale output.