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
Attacks Cripple 11 Oil Fields, Libya Says
New York Times - 3/6/2015 3:16:55 AM
The National Oil Company on Wednesday night declared force majeure, meaning that the violence in the country would prevent the fulfillment ... armed factions has closed oil ports and decimated production in the four years since the uprising against Col.
As World’s Hottest Economy Unravels, Nigerians Feel the Squeeze
Bloomberg - 3/6/2015 3:31:14 AM
Oil, the lifeblood of the country, collapsed in a breath-taking free fall ... which would make it the second-biggest refinery in the world. With daily production of about 2 million barrels a day, oil generates 90 percent of Nigeria’s hard-currency ...
World Bank Analyzes Oil Price Plunge
Eurasia Review - 3/5/2015 5:51:25 PM
These underlying forces are buoyed by a strengthening U.S. dollar and the fact that oil production in the Middle East ... With more than 70 percent of the world’s poor living in oil-importing countries, low oil prices should help in the drive to reduce ...
Saudi Oil Minister Denies Price War With U.S. Shale
Wall Street Journal - 3/4/2015 3:50:55 PM
In the past, Saudi Arabia, the world’s biggest oil exporter, and OPEC had cut back production ... But Mr. Naimi called shale a “welcome development” that had offset production losses in other countries. “In November, I believe OPEC made a historic ...
US Oil Production Increasing Despite Falling Rig Count -- Report
International Business Times - 3/5/2015 1:52:13 AM
The increased production comes with a backdrop of reduction in capital investments by some of the companies in the country ... oil prices are very low, the company has pointed out that it has “deep and diverse portfolio of opportunities around the world ...
Shale Gas and Tight Oil Are Commercially Produced in Just Four Countries
Al-Jazeerah - 2/21/2015 3:39:30 AM
Republished to clarify China and Argentina's production of shale gas and tight oil, respectively. The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas ...
Saudi Arabia: Don't blame us for oil's big plunge
CNN Money - 3/4/2015 7:39:59 PM
Saudi Arabia's refusal to cut production, especially when oil hit around ... OPEC, which was founded in 1960, is led by some of the most influential oil producing countries in the world, including Saudi Arabia, Qatar, Iran and the United Arab Emirates.
Fall in world crude prices to affect Ghana’s 2015 budget
Spy Ghana - 3/5/2015 7:21:29 AM
... that although Ghana is not a major oil producing country, petroleum revenue had been a key contributor to the Gross Domestic Product (GDP) and a major source of revenue since oil production began in Ghana. Major Ablorh-Quarcoo said this on Wednesday ...
Saudi Oil Minister: OPEC Is Neither Dead Nor Waging War On Shale Oil
Forbes - 3/4/2015 8:15:46 PM
Saudi Oil Minister ... Germany and the Arab world, I have personal experience of your nation’s kindness and hospitality. Ladies and gentlemen. I have been asked to talk to you about Saudi Arabia’s role as an energy- exporting country in the 21st ...
FACT CHECK: Lindsey Graham is wrong on oil prices
Des Moines Register - 3/5/2015 7:21:29 AM
Data clearly show that world oil supplies have exceeded worldwide demand ... The Organization of Petroleum Exporting Countries, or OPEC, had an opportunity to cut back production in November to address that supply glut, but elected not to.
Colombia looks to maintain oil, coal, gold output despite lower prices
Colombia Reports - 3/5/2015 9:33:20 PM
Colombia’s mines and energy minister said the Andean nation will strive to keep oil production at roughly 1 million barrels ... and Developers Association of Canada annual conference, the world’s largest mining convention, said several major industry ...
World Bank projects 7pc growth rate
Kenya Broadcasting Corporation - 3/5/2015 11:46:21 AM
The World Bank projects that Kenya is set to become one of the fastest-growing economies in East Africa, with a growth rate of 6 percent this year and 6.6 percent in 2016. The World Bank says the growth would be driven by falling oil prices and bigger ...
Dirty Energy Sector Jobs Decline as Oil Falls
GroundReport - 3/6/2015 1:22:23 AM
This is because large developing countries – like China and India ... and supplier of roughly forty percent of the world’s oil – decided not to alter their production. If they had lowered their production, the prices would have gone back up ...
Africa: Regional Countries Seek Investors in Petroleum
AllAfrica - 3/5/2015 10:59:14 PM
This, he said, would help promote investment in the oil and gas sector by demonstrating to the world the potential that lies within the region. Regional priorities, according to Murekezi, should be on exploration, production, refining, storage and pipeline ...
Purported Islamic State militants attack Libyan oil field
Chron - 3/4/2015 9:45:51 AM
French oil giant Total SA says it worked at that field until 2013. Oil production dropped dramatically in Libya after the country's 2011 civil war that toppled dictator Moammar Gadhafi. Al-Zewi said Libya's daily production is now nearing 500,000 barrels a ...