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
Offshore production nearly 30% of global crude oil output in 2015
PennEnergy - 10/25/2016 7:43:03 PM
In 2015, five countries provided 43% of total offshore oil production: Saudi Arabia, Brazil, Mexico, Norway, and the United States. Saudi Arabia. The world’s largest offshore producer has several large offshore oil fields including the Safaniya oil field ...
Offshore Oil Provided 30% of Global Production in 2015
oilandgas360.com - 10/25/2016 11:17:48 PM
In 2015, five countries provided 43% of total offshore oil production: Saudi Arabia, Brazil, Mexico, Norway, and the United States. Saudi Arabia is the world’s largest offshore producer and has several large offshore oil fields including the Safaniya oil ...
Oil production cut to balance the prices; ‘worst of the oil crisis is over’ – Qatar’s energy minister
qatarscoop.com - 10/26/2016 10:23:31 AM
Recently this year, Al Sada said oil costs should have been around $65/barrel to allow governments to put more in securing the world ... for production, exploration, well development, transportation and offering. When oil prices fall globally, countries ...
EIA: Offshore crude oil production hit five-year high in 2015
Offshore - 10/25/2016 6:02:50 PM
In 2015, five countries provided 43% of total offshore oil production: Saudi Arabia, Brazil, Mexico, Norway, and the US. The world’s largest offshore producer is Saudi Arabia, which has several large oil fields, including Safaniya, which produces between ...
Higher World Oil Prices Allow MCW Energy Group to Enhance Profit Levels as it Moves into its Plant Relocation Plan and a Commercial Production Mode
automotive.einnews.com - 10/25/2016 1:37:59 PM
Encouraged by the upward trend of world oil prices now hovering at the $ 50.00 bbl. price benchmark, MCW has developed a plan focusing on the reduction of production costs and ... and government entities within countries possessing extensive oil sands ...
Doubts on the outlook for rise in oil prices
hellenicshippingnews.com - 10/26/2016 1:01:00 PM
reiterating the view that the world oil market is already rebalancing after two years of declining prices, which have knocked out higher-cost production in places ranging from Brazil to the North Sea and the US shale oil patch. The oil price rout has also ...
Nigeria: 2.5 Million Barrels Oil Production Not Enough for Nigeria - NAEE
AllAfrica - 10/25/2016 12:47:52 PM
If Nigeria must export oil at all, it should be targeting 4 million barrels oil production ... The World Energy Day was celebrated on October 22. NAEE said it was investing heavily to create awareness on access to energy in the country.
U.S. Crude Falls Below $50 Threshold As Oil Falls Over 1% Before Inventory Data
talkmarkets.com - 10/25/2016 5:24:03 AM
... in OPEC and has sought an exemption from the oil production freeze. The country is fighting back ISIS forces, and production cuts could result in less revenue to help combat missions. Russia, the world’s third biggest producer of oil has agreed to ...
Output cut ‘ll stabilise global oil market – Barkindo
NATIONAL MIRROR - 10/25/2016 11:17:48 PM
He said that the Conference decision to opt for an OPEC-14 production ... weakening world trade, and political developments, including upcoming elections in a number of major countries. At OPEC, we fully appreciate the significant role that oil and other ...
4 reasons why Venezuela became the world's worst economy
CNN Money - 10/25/2016 5:09:44 AM
Venezuela has the world's largest oil reserves ... to invest in its oilfields when times were good. Because the country has neglected with the upkeep of its oil facilities, production has dropped to a 13-year low. Venezuela's state-run oil company ...
Saudi Arabia refuses to include United States of America in oil production deal
myhealthbowl.com - 10/26/2016 6:12:59 AM
"Russia is one of the world's biggest oil producers ... as the kingdom seeks to convince major oil producing countries to cut production in order to increase prices. In a statement, Saudi Oil Minister Khalid Al-Falih also mentioned the need to "restore ...
OPEC’s Loss, Your Gain: Three Hot Oil Stocks to Invest In
Energy and Capital - 10/26/2016 2:05:25 PM
OPEC stands for Organization of the Petroleum Exporting Countries, and that's essentially ... The nations in OPEC control 73% of the world's proven oil reserves, and nearly half of global production. This is the main reason why OPEC has been one of the ...
Kazakhstan relaunches giant Kashagan oil field
Yahoo News - 10/26/2016 6:27:18 AM
Bishkek (Kyrgyzstan) (AFP) - As the world's major crude exporters have agreed to cut production to boost prices ... day to more than 900,000 bpd in total when the new oil comes online in 2022. "For a country whose economy might shrink, this year things ...
British Petroleum: A High-Yielding Dividend Oil Stock To Avoid
Seeking Alpha - 10/25/2016 1:37:59 PM
BP has three business segments: upstream oil & gas production, downstream (refining ... Once all the local supply was used up, they had to turn to oil-rich countries around the world to continue growing. Many of these foreign countries do not have the ...
US crude settles down 1.1% at $49.96, pressured by OPEC squabbling
CNBC - 10/24/2016 7:48:24 AM
Oil prices fell 1 percent on Tuesday ... Analysts said verbal jockeying among the Organization of the Petroleum Exporting Countries (OPEC) created uncertainty about potential output cuts at its meeting next month, noting that a particular worry was ...