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
Libyan PM seeks to reassert authority as oil production is hit
Business Recorder - 9/17/2014 11:20:42 PM
BENGHAZI: Libya's acting prime minister sought to reassert authority over his turbulent country ... had hit Libya's oil industry since heavy clashes broke out in the capital Tripoli in July. The field closure will bring down Libya's production to around ...
New technology means a fast-paced output response to falling oil prices
Globe and Mail - 9/17/2014 6:20:03 PM
Organization of Petroleum Exporting Countries production is increasingly prone to outages ... combined with the difficulties in adding new supply elsewhere, suggests that the world’s oil supply will quickly adjust to falling demand or surplus production.
World oil prices rebound as OPEC hints at lower output
Arab News - 9/16/2014 8:08:36 PM
LONDON: World oil prices rebounded ... organization could cut its production target for 2015. The widely-reported comments came from Abdullah El-Badri, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), after talks with ...
Deeper Saudi Oil Cuts Seen After Biggest Drop Since ’12: Energy
Bloomberg - 9/17/2014 8:18:45 AM
The world’s biggest crude exporter told OPEC last week ... Global oil demand growth this year will be the weakest since 2011, just as the U.S. shale boom means oil production from countries outside OPEC rises by the most since the 1980s, according ...
Norway oil production rises
United Press International - 9/16/2014 12:51:57 PM
16 (UPI) --Oil production from Norwegian territory in August was 10 percent ... Norway has more oil reserves than any other European country. Last year, it exported 1.19 million bpd worth of oil, with most of that headed to the British and Dutch economies.
US oil prices rebound as OPEC indicates output cut
Channel News Asia - 9/16/2014 7:54:17 PM
NEW YORK: World oil prices rebounded ... cartel could cut its production target for 2015. The widely reported comments came from Abdullah El-Badri, secretary-general of the Organisation of the Petroleum Exporting Countries (OPEC), after talks with Russian ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
For perspective, the second-largest increase in oil production was recorded by the United Arab Emirates with a gain of 248,000 bpd over 2012, and Canada was the only other country in the world to record an increase of more than 200,000 bpd, at 208,000 bpd ...
With U.S. Oil Supply Climbing, Some Call For End To Export Ban
NPR News - 9/16/2014 3:40:46 AM
An oil drilling boom that has made the U.S. the world's leading oil and petroleum ... big oil-producing countries like Saudi Arabia would simply cut back on production if the U.S. allows exports. President Obama could end the export ban with an executive ...
OPEC Says World Will Need Less of Its Oil Next Year
Wall Street Journal - 9/10/2014 7:22:38 AM
In its monthly oil-market report, the Organization of the Petroleum Exporting Countries said it had revised estimated demand for its crude down by 200,000 barrels a day for 2015 and by the same amount for this year. As a result, markets will need 300,000 ...
US oil prices up almost $2 as OPEC talks output cut
7 News Yahoo - 9/16/2014 6:14:05 PM
New York (AFP) - World oil prices rebounded ... cartel could cut its production target for 2015. The widely reported comments came from Abdullah El-Badri, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), after talks ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
APAC to Account for 70% of Global Oil Demand by 2020
Yahoo Finance - 9/16/2014 3:47:55 AM
Others meantime are also facing oil production decline --Australia ... which is in the top three in the world. The country's transparent business and mature legal and financial systems have made it very attractive to gas stakeholders.
Brookings Institute Argues for Lifting Crude Oil Export Restrictions
The Energy Collective - 9/16/2014 1:56:23 PM
The increase in U.S. oil production helps lower world oil prices and U.S. gasoline and diesel prices ... Angola and Nigeria all of whom have seen decreased production in recent years. These countries have far greater potential than the U.S. to disrupt ...