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
Countries, Oil Companies Will Stop Routine Gas Flaring
Environment News Service - 4/17/2015 12:28:25 PM
... oil companies joined today with senior government officials from oil-producing countries in an agreement to end the practice of routine gas flaring at oil production sites by 2030 at the latest. The Zero Routine Flaring by 2030 global initiative ...
Increased U.S. oil production keeping gas prices lower, fuel company prez says
eaglefordtexas.com - 4/25/2015 5:12:25 PM
For example, Blackwell said if a nuclear treaty is completed with Iran, that country in 2016 could start oil production and add “3 million barrels per day” to an already oversupplied world oil market. “This big increase has only happened in the last ...
U.S. Shale digs into Saudis’ oil power
Observer-Reporter - 4/26/2015 11:59:15 PM
As oil prices fell last year, though, the Organization of the Petroleum Exporting Countries, dominated by Saudi Arabia, departed for the first time in decades from its usual strategy of cutting production to bolster prices for the rest of the world.
Saudi Arabia has a 'solution' to the global surplus of oil
Al Bawaba - 4/26/2015 5:51:11 AM
The world's biggest oil exporter ... who has stressed that his country won't cede market share to higher-cost producers, said in the capital Riyadh on April 7 that production was at 10.3 million barrels and would remain close to that.
California's Imported Oil Problem
Forbes - 4/27/2015 12:49:21 AM
... produced in the Organization of the Petroleum Exporting Countries (OPEC), cited as a “cartel” by both liberal and conservative outlets that controls 40% of the world’s crude oil production. More specifically, California’s crude oil laws hinder ...
Nigeria: Presco Expands Palm Oil Production, to Diversify Into Cocoa, Rubber
AllAfrica - 4/28/2015 1:26:57 PM
Presco Oil Palm plc has announced plans to expand its investment in oil palm production, injecting millions of dollars ... noting that these two cash crops were pivotal in the company and country's quest to diversify revenue base and source of foreign ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
Cash-Strapped Latin American Countries Turn to China for Credit
Inter Press Service - 4/28/2015 1:16:48 AM
For China, it makes no sense to refuse loans to countries with strong agricultural production or that possess plenty ... which possesses the world’s largest oil reserves. Next in order of importance are Brazil and Argentina, which are big exporters ...
Iran to start South Pars oil production in 2016
Trade Arabia - 4/27/2015 11:19:17 AM
Iran plans to start to extract oil from the world's largest gas field next year as ... and is responsible for 83 percent of the country's output, plans to boost crude production to 3 million bpd during this Iranian year, which continues until March 2016.
Countries and Oil Companies Agree to End Routine Gas Flaring
The World Bank - 4/17/2015 1:32:50 PM
... today with senior government officials from several oil-producing countries to commit, for the first time, to ending the practice of routine gas flaring at oil production sites by 2030 at the latest. Every year, around 140 billion cubic meters of ...
Italy plans to cut down thousands of olive trees to fight infections; counterfeit oil surge expected to hit market
Natural News - 4/28/2015 3:32:49 AM
(NaturalNews) Olive tree growers in Italy, where a bulk of the world's olive oil ... production in the Puglia region, which currently generates some 11 million tons of olives per year. Olives grown in the Puglia region, which are used to make some of the ...
Oil prices down in Asian trade
Money Control - 4/28/2015 6:17:27 AM
Oil prices fell in Asia today after a senior Saudi official signalled that the world's top crude exporter has no intention of cutting production despite a global ... in the Organization of Petroleum Exporting Countries (OPEC), pumped 10.1 million barrels ...
Venezuela state oil firm’s net-profit falls by 4.3% in 2014: report
customstoday.com.pk - 4/28/2015 6:10:17 AM
PDVSA, which dominates the oil industry in the country estimated to have the world’s largest crude reserves, registered earnings of $128.4 billion last year, down from $134.3 billion the year before, it reported on its website. Production meanwhile fell ...
Why this oil price collapse could be different
FORTUNE - 4/27/2015 4:48:34 PM
domestic U.S. oil companies were gutted by cheaper producers around the world. Our production shrank while consumption increased. Imported oil—much of it from countries whose foreign policy goals do not align with ours—filled in the gap. Our domestic ...
Tunisia hoping to boost olive oil exports
ECNS - 4/28/2015 12:55:20 AM
Moving into second "Spain is the world's biggest producer of olive oil ... aim to reach domestic production of 300,000 tons per year," Tunisia's Prime Minister Habib Essid said at a forum held earlier in April in Tunisia. The country will intensify ...