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
The World's Hottest Oil Play
Forbes - 2/13/2017 3:41:03 AM
In 2015, only 13 countries recorded oil production greater than the Permian Basin’s current ... That makes the Permian, in my view, the world’s hottest oil play. But many of the land acquisitions and much of the recent drilling in the region is a ...
7 Biggest Hemp Producing Countries in The World
INSIDER MONKEY - 2/14/2017 8:40:31 AM
... of hemp cultivated in 7 biggest hemp producing countries in the world is used for cigarette paper production. This small niche market is all that remains of once huge industry. Hemp seed and hemp oil are also used but in very limited quantities.
Oil prices dip as markets remain bloated despite OPEC-led cuts
techknowbits.com - 2/15/2017 4:10:18 PM
Non-OPEC oil producing countries agreed to cut output by 558,000 barrels a day with the bulk of the cut falling on Russian Federation, one of the world's largest energy exporting heavyweights. During his meetings, Barkindo said Saudi Arabia is a key player ...
BP says U.S. shale oil output to keep check on spike in prices
Reuters - 2/14/2017 11:03:40 AM
"Having a price that moves to $55 or around $60 feels like the right one to help industry avoid dislocations in producing countries... a healthy price for the world feels like 55-60," Dudley told an oil conference in Cairo. "The big question mark is shale ...
Saudi Arabia Tells OPEC It Cut Oil Output by Most in Eight Years
Bloomberg - 2/13/2017 7:01:29 AM
Saudi Arabia told OPEC that it cut oil production by the most in more than eight years, going beyond its obligations under a deal to balance world markets ... from the Organization of Petroleum Exporting Countries. The group’s own analysts, who compile ...
Oil Markets To Remain Unbalanced Due To Abundant Global Crude Supplies
daytradingacademy.com - 2/16/2017 2:33:04 AM
Total world output of oil was in excess of 95 million barrels ... Unfortunately for OPEC members, the price for crude is high enough to encourage increased oil production, for those countries that remain outside the agreement. If prices would increase ...
Tight oil expected to make up most of U.S. oil production increase through 2040, EIA says
worldoil.com - 2/14/2017 5:58:51 PM
In the Reference case, tight oil production from the Eagle Ford and Bakken—two of the largest tight oil regions in the country—begins to decline after ... States is also sensitive to the path of world oil prices, as shown in two other cases.
New Political Unrest in the Oil-Rich Fields of Iran
American Thinker - 2/19/2017 7:15:50 AM
While Iran and the United States are still rattling sabers at one another, there's an emerging disruptive potential inside Iran in its main oil field province, Khuzestan, which has shocked the country ... province have hit oil production, causing a ...
How to Raise Oil Prices Without Really Cutting
hellenicshippingnews.com - 2/16/2017 2:50:22 PM
In November, the Organization of Petroleum Exporting Countries and other producers ... The cuts haven’t really done much to fix the real-world oil glut. But talking about them has been very useful to oil producing nations. Saudi Arabia made a relatively ...
Oil prices rise moderately on hopes for more cuts from OPEC
Market Watch - 2/17/2017 1:13:08 AM
OPEC, along with other key oil producing countries including Russia ... A person close to Saudi Arabia’s oil ministry said the kingdom, the world’s largest oil exporter, was taking a wait and see approach to whether OPEC should extend the deal.
How Saudis Cut Oil Output Without Really Cutting
peakoil.com - 2/18/2017 1:57:53 PM
Saudi Arabia has led the way among major energy exporters in cutting oil production. At the same time ... Petrostates have some of the lowest pump prices in the world because local populations view cheap fuel as a birthright. As a result, Kuwait, which ...
World Bank chief visits oil-rich Saudi Arabia
United Press International - 2/14/2017 7:43:15 AM
14 (UPI) --Riyadh received support for a new economic vision from the World Bank ... Total domestic oil consumption, meanwhile, was the lowest since December 2013. The country's production, meanwhile, is moving lower in coordination with a managed decline ...
The World’s Largest Oil Reserves By Country
worldatlas.com - 2/8/2017 11:56:44 PM
Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic and political conditions, with existing technology. Many oil-producing ... the ten countries with the largest oil reserves in the world to help ...
Producing through recession
guardian.ng - 2/15/2017 12:57:01 PM
Production of crude oil and subsequent storage happens only after a well ... to the world to be frugal and fiscally disciplined much more than several countries in the world, developed countries inclusive. The Arabs knew this day will come and therefore ...
Is OPEC in a Death Spiral?
constitution.com - 2/18/2017 8:50:05 AM
Two years later they gave up because the protracted decline in oil prices almost bankrupted OPEC countries ... in production. Technology is a beautiful thing, but one of the realities is that technology is replacing people all over the world.