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
America's biggest oil boom came under Obama
CNN Money - 7/21/2016 6:16:28 PM
Related: World's top oil producers Prices have recently collapsed by more ... "Unless you had a sustainable rise in demand and reductions from other countries, doubling production would just add to that oversupply," said Piazza. --CNN's Chris Isidore ...
Busting Media Myths On Peak Oil
zerohedge.com - 7/24/2016 1:37:55 AM
That world oil production continues to eke out small gains is due entirely to production from unconventional sources not included in Hubbert's models. But those sources have shown themselves to be exquisitely sensitive to price. In the two countries best ...
India expands crude oil refinery capacity
The National - 7/23/2016 7:22:42 AM
to one of the world’s largest exporters of refined petroleum products in 2014 to 2015," PwC says. But production of crude oil within India is very limited, which means the country is heavily dependent on imports – and this dependency is growing.
Goldman Sees Russian Oil Output Topping Soviet Record by 2018
Rigzone - 7/20/2016 2:42:54 PM
Russia, the world’s biggest energy exporter, signaled in April it would boost oil production and shipments after OPEC failed to adopt a plan to ease a supply glut. Rosneft PJSC will likely lead growth over the period through 2018 as the country’s ...
U.S. oil production falls; global demand climbs
Oklahoma News - 7/22/2016 5:07:52 AM
Still, oil production is declining in the United States and globally ... While supply and demand are approaching equilibrium, the world and country still have record levels of oil in storage. "Although stocks are close to topping out, they are at such ...
Pakistan's oil output drops 8% with gradual fall in reserves
The Express Tribune - 7/23/2016 7:54:19 PM
In the previous fiscal year 2014-15, the country’s oil production stood at 95,000 barrels per day ... low in the year under review due to “existing low oil prices in world markets for quite a long period now… Owing to the low oil prices it is ...
Oil market to grow despite changes in global energy mix
Saudi Gazette - 7/23/2016 9:05:54 PM
The report said the total global oil reserves today stands at around 2092 billion barrels, or 70 times the current production rate ... not Saudi Arabia, is the country with the largest volume of oil reserves in the world. As per the Rystad Energy estimates ...
Russia's energy minister rules out coordination with OPEC on oil production
Seeking Alpha - 7/20/2016 10:10:53 AM
Russian Energy Minister Alexander Novak scuttles any hope that the world's biggest oil producers would coordinate on output to stem global oversupply, telling Reuters that the country is not ... rather than on coordinating production.
Nigeria’s Oil Sector Deeply Challenged By Fiscal Policies, Vandalism
Leadership - 7/21/2016 3:00:13 AM
In its mid year assessment,International Energy Agency (IEA) noted that as this year began, crude oil prices were stuck at their lowest level in twelve years. The world seemed to be ... have cut into Canada’s oil production this year, with some companies ...
Asian Countries Still Being Bullied by Beijing in South China Sea
cdanews.com - 7/23/2016 5:42:29 AM
The dispute is holding up production. Most foreign oil firms are not willing to commit resources to ... in a region where the U.S. military has been a dominant factor since World War II, but the increasing influence of China is changing the diplomatic ...
Nigeria urgently needs to tackle corruption and theft in its oil industry
worldfinance.com - 7/21/2016 8:29:29 AM
The result, according to OECD data, is a landmark 20-year low in oil production ... Some oil-exporting countries, such as Norway, score among the least corrupt in the world.” It’s no secret that the oil price collapse has been felt keenly across ...
Why Oil Prices Might Not Rebound Until 2019
NASDAQ - 7/20/2016 8:16:22 AM
But according to energy consultants Douglas-Westwood, prices will remain where they are now until about 2019, when offshore oil production will finally peak ... as virtually every country that has any gas reserves will be pushing for a piece of the ...
Saudi Aramco boss says drilling, IPO unaffected by oil price
worldoil.com - 7/21/2016 5:44:51 AM
JUBAIL, Saudi Arabia (Bloomberg) -- Saudi Arabia’s oil and natural gas production and drilling activities are unaffected by crude prices at current levels, the state-run producer’s CEO said, signaling that the world’s biggest oil exporter will ...
Venezuela Might Be Worse Country In Latin America, But Its Bonds Look Great
Forbes - 7/21/2016 11:35:36 AM
Venezuela might be the worst country in all of the Americas ... or shutting the doors to the world. The good news: Venezuela is fundamentally solvent. If Saudi Arabia’s state owned oil firm ARAMCO is worth about $3 trillion with some 310 billion of ...
Pertamina sees production boost from overseas blocks
The Jakarta Post - 7/20/2016 9:13:37 AM
A recent report by the International Energy Agency said Iran’s oil production rose to 3.56 million bopd after international sanctions against the country were lifted in ... Blackberry World or Microsoft's Windows Store. Subscription includes free daily ...