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
OPEC may condemn the world to an oil glut for years
Market Watch - 5/22/2015 2:57:11 AM
OPEC has maintained a collective production ceiling of 30 million barrels a day since it did away with individual country quotas about three years ago, and analysts expect the oil cartel to stand ... between Iran and six world powers.
Low Oil Prices Pressuring Producing Countries
Think Advisor - 5/21/2015 5:21:32 AM
The move is seen not only as an indication of a tougher foreign policy in the future but as a predictor that the country’s current oil production levels will continue ... estate investments elsewhere in the world. According to consultants CBRE, SWFs ...
Uganda oil sales still way ahead
busiweek.com - 5/24/2015 4:38:01 PM
KAMPALA, Uganda - It will take a number of years before Ugandans will see any substantial revenues from oil production ... policies for local sourcing used in the world. It includes ample examples of other countries experiences with developing their ...
Drilling Efficiency to Keep Oil Prices Low
The Motley Fool - 5/22/2015 10:59:47 PM
The world oil markets have gotten a graphic lesson in that ... The rise in efficient oil production has led to more than half of the country's rig fleet being idled with many firms now drilling multiple wells at a time rather than single ad hoc wells.
Iranian Minister Says OPEC Production Cut 'Unlikely'
Radio Free Europe - 5/24/2015 8:31:15 AM
Iran's oil minister has said that OPEC is unlikely to cut oil output when the group of oil-exporting countries meets ... meeting that OPEC could cut production to boost flagging global oil prices. Saudi Arabia, one of the world's leading oil producers ...
Iran's oil minister says OPEC unlikely to change output ceiling
The Jerusalem Post - 5/24/2015 8:45:34 AM
DUBAI - OPEC is unlikely to change its production ceiling when the group ... The Organization of the Petroleum Exporting Countries will meet on June 5. At its last meeting in November, OPEC, led by oil kingpin Saudi Arabia, decided against cutting output ...
UPDATE 1-Iran says OPEC unlikely to change output ceiling - Mehr news agency
Reuters - 5/24/2015 8:52:44 AM
"Lowering OPEC's production ceiling requires consensus ... The Organization of the Petroleum Exporting Countries will meet on June 5. At its last meeting in November, OPEC, led by oil kingpin Saudi Arabia, decided against cutting output to defend its ...
OPEC countries need oil prices above $100/barrel to break in budgets: Experts
customstoday.com.pk - 5/22/2015 3:40:08 AM
DOHA: Energy expert Dr Mamdouh G Salameh says that, with the exception of Qatar and possibly Kuwait, most OPEC countries need oil prices ... an international oil economist and consultant for the World Bank in Washington DC on oil and energy, drew everyone ...
Gulf Oil Producers To 'Resist' Cuts At OPEC Meet: Analysts
MENAFN - 5/24/2015 6:00:56 AM
(MENAFN - Arab Times) Gulf oil producers, led by Saudi Arabia ... A decision by the 12-member Organisation of Petroleum Exporting Countries not to cut production in November sent prices crashing 60 percent before a partial recovery in recent weeks.
War pushes South Sudan's economy to the brink
The Peninsula - 5/24/2015 9:14:12 AM
which contains sub-Saharan Africa's third largest reserves -- making it one of the world's most oil-dependent economies. Now, with the UN reporting over half of the country's 12 million people needing assistance and some areas on the brink of famine ...
Iran's Oil Minister Says OPEC Unlikely To Change Output Ceiling: Mehr News Agency
International Business Times - 5/24/2015 8:09:47 AM
The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to change its production ceiling when the group meets in June, Iran’s Oil Minister Bijan Zanganeh ... in reaching a final deal with six world powers over its nuclear program.
Adnoc research & development budget unaffected by dropping oil prices
Gulf News - 5/24/2015 4:09:23 PM
The UAE government had announced that it will continue to invest in the oil and gas sector to increase oil production to 3.5 million barrels per day (mbpd) by 2017. The country currently ... “The new centre will be world class and we’ve brought in ...
South Sudan oil production down to 165,000 bpd: ministry
Reuters - 5/22/2015 7:00:34 AM
Production has been slashed by about a third since fighting broke out in the world's newest ... in recent days in oil producing areas in Upper Nile state, and the latest incidents were witnessed in Melut and near the country's main Paloch oilfield.
Germany’s Wintershall Interested in Occidental’s Libyan Oil Assets
Wall Street Journal - 5/21/2015 11:58:14 PM
teaming up with the country’s state-run oil company to exploit Africa’s largest oil-and-gas reserves. But since last year, Libya’s oil industry has been crippled by strikes, the armed conflict between rival factions and terrorist attacks. Production ...
IMMIGRATION SHUTDOWN NOW: OIL CREATED A 100 YEAR WINDOW THAT'S CLOSING
News With Views - 5/21/2015 11:58:14 PM
But that’s what’s coming: 100,000,000 (million) legal immigrants will be injected into our country within 30 years ... Duncan, introduced the Olduvai Theory: The Peak of World Oil Production and the Road to the Olduvai Gorge. The decline of the ...