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
Does Longer Term World Oil Supply And Demand Provide A Thesis For Oil Exploration And Production Investment?
Seeking Alpha - 10/9/2015 7:34:58 AM
The remember the greatly increasing demand from the emerging market countries that will likely ... will still be significantly above the world oil demand. The EIA forecasts total world oil (and liquids) production at 95.55 MMbpd in 2015 and 95.98 MMbpd ...
World oil prices edge higher on OPEC remarks
interaksyon.com - 10/8/2015 9:37:51 AM
Traders were mulling remarks by Abdalla Salem El-Badri, secretary-general of the Organization of the Petroleum Exporting Countries, who stated that demand will rise more than projected this year. "World oil demand ... a year ago. US production, which ...
House Votes to Lift 40-Year Ban on Oil Exports
New York Times - 10/9/2015 9:11:01 PM
Opponents say lifting the export ban could raise gasoline prices, an assertion contested by many energy experts and economists since increased United States supplies on world ... the country. But production is now suddenly dropping, and oil producers ...
US House passes bill to lift oil export ban, veto looming
India TV - 10/10/2015 1:50:11 AM
Washington: The US House of Representative passed a bill on Friday to appeal the 40-year-old oil export ban ... and gas producer in the world and the US crude oil output has reached a historical high level. "The US daily production of oil has increased ...
Oil prices bounce back in Asian trade
Times of India - 10/8/2015 4:22:53 AM
US production, which had fallen by 40,000 barrels ... secretary-general of the Organization of the Petroleum Exporting Countries, that demand will rise more than projected this year. "World oil demand is estimated to increase by 1.5 million barrels per ...
House set to bless oil exports, but Democratic support in question
Fuel Fix - 10/9/2015 4:39:00 PM
noted that despite the recent production gains, the United States still imports ... 9 million artels a day and we wouldn’t have to depend on any other country in the world for our oil; all we have to do is produce what we have in our own country and ...
Are Oil Exports on the Horizon? House Set to Vote on Bill
Fox Business - 10/9/2015 5:36:16 PM
With domestic production going strong and oil prices near $50 a barrel ... end oil sanctions on Iran as part of a nuclear agreement. “We’re the only country in the world that doesn’t allow the exporting of oil. In fact, now that the president ...
Why lifting oil export ban can help U.S. foreign policy
Reuters - 10/8/2015 5:34:28 AM
The result has been a shift away from some traditional energy-producing countries — such as Russia ... More important, exporting U.S. oil and natural gas increases diversification within world energy production. Though energy security concerns can ...
Why it's better for a country to have skilled people than oil
Spectrum - 10/8/2015 9:26:31 PM
A slump in global demand, combined with continued high crude production by Saudi Arabia ... And Venezuela, the country with the world's largest oil reserves, might be the worst of all. The U.S. is lucky that oil and gas are not yet a big enough part ...
This Month Could Make Or Break The Oil Markets
ETF Daily News - 10/7/2015 4:27:03 PM
Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling ... Arabia will continue to seek a rebound in oil prices only by a contraction in production from countries such as Russia, Canada, and the United ...
Oil Investors Gain Over $70 Billion in Best Week Since 2008
News Max - 10/9/2015 10:33:55 AM
U.S. explorers have idled more than half the country ... production in Latin America and Africa. Chevron, the second-biggest U.S. oil company, has gained 10 percent this week, heading for the best performance since December 2014. Exxon Mobil Corp., the ...
Oil Drillers Hunker Down for More Pain One Year Into Bear Market
Rigzone - 10/7/2015 7:47:29 PM
The world saw the first signs of reduced oil output in May and June ... Successful implementation of a July deal to curb its nuclear program would allow the country to ramp up production. The nation will pump 4 million barrels a day within a year of ...
Rare Meeting of OPEC, Non-OPEC Oil Producers Set for Oct. 21
teleSUR - 10/9/2015 5:29:06 PM
"Minister (Eulogio del Pino) said that on October 21, a technical meeting between Organization of Petroleum Exporting Countries (OPEC ... a summit between major world oil producers from OPEC and non-OPEC members to discuss production cuts.
Oil rallies on upbeat OPEC demand growth outlook
Business Recorder - 10/8/2015 9:40:50 PM
Both contracts had fallen Wednesday after weekly US data showed increases in US crude inventories and production ... of the Petroleum Exporting Countries, said that demand will rise more than projected this year. "World oil demand is estimated to increase ...
Goldman Sachs: This Oil Rally Will Fade
Value Walk - 10/9/2015 12:14:08 PM
Outside of the US the Baker Hughes September international rig count reported an increase in rigs operating around the world. Further, September oil production data in Russia and Brazil showed that production has hit record levels for these countries.