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
Independent Operational Result: Four Years Of Oil Production In Ghana
Spy Ghana - 3/3/2015 3:37:47 PM
The second part represents what Ghana’s position would have been by adopting pure Production Sharing Agreements which countries with lesser stature than Ghana are adopting. Currently, there are over 80 oil and gas producing countries in the world ...
How Low Can Oil Prices Go?
Reason - 3/4/2015 5:06:40 AM
thereby killing off fracking in the United States and preventing the drilling technique's spread to other parts of the world. It costs less than $10 per barrel to get oil out of the ground in most Middle Eastern countries, whereas production costs hover ...
Top 10 Oil Richest Countries in the World
explorationworld.com - 3/3/2015 5:15:01 AM
The country is currently working on boosting production capacity to about 4 million barrels ... in proved reserves In addition to the fourth largest proved reserves of oil in the world, Iran has the distinction of holding the second largest reserves ...
US Will Never Gain Oil Market Crown Says IEA Head
The Motley Fool - 3/2/2015 2:27:23 PM
... production growth is good to diversify the market but it will not solve the world's oil problems." Certainly, Birol acknowledged, 2014 crude production by countries that are not among OPEC's 12 members was greater than it had been in three decades ...
Shale Gas and Tight Oil Are Commercially Produced in Just Four Countries
Al-Jazeerah - 2/21/2015 3:39:30 AM
Republished to clarify China and Argentina's production of shale gas and tight oil, respectively. The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas ...
Oil export bans creating market glut that could strangle U.S. boom, CEO warns
Washington Times - 3/4/2015 2:57:49 AM
Ironically, the U.S. is the world’s third-largest exporter by volume of oil products ... rise by nearly 3 billion barrels per day. But if production continues to skyrocket, Mr. Lance said, the country will have no place to put all of that oil.
Russian Oil Output Will Dwindle Under Sanctions and Low Prices LUKoil Executive
The Moscow Times - 3/4/2015 5:20:59 AM
Russia is the world's largest oil producer. Sanctions imposed on the country over its role in the Ukraine crisis ... "Everyone will reduce production because everyone is reducing drilling," Fedun said. He said he expected drilling in Siberia to drop ...
Media Advisory: World Heavy Oil Congress Unites Executives and Engineers to Discuss 'Producing More With Less'
Market Watch - 3/3/2015 9:04:05 AM
WHAT: World ... oil community, will kick off the seventh edition of the conference and exhibition in Edmonton, Alberta, on Tuesday, March 24 to Thursday, March 26 at the Shaw Conference Centre. The Congress will gather 1,000 delegates from more than 20 ...
Counter OPEC’s Power by Boosting American Crude Oil Exports
The Morrow County Sentinel - 3/2/2015 2:34:33 PM
Drivers can mostly thank the highest level of domestic oil production in four decades — over 9 million ... But Saudi Arabia, Kuwait, and the rest of the Organization of Petroleum Exporting Countries (OPEC) have recently launched a price war to force ...
UPDATE 1-Russian oil output down 8 pct by end-2016 -Lukoil co-owner
Reuters - 3/3/2015 2:04:44 PM
Oil and gas sales account for a half of Russian budget revenue. Output from Russia, one of the world ... production because everyone is reducing drilling," Fedun said. The estimate is one of the most pessimistic yet by a Russian oil executive since the ...
When U.S. production dips, will we see Oil price spike?
Commodity Online - 3/3/2015 9:18:24 AM
Potentially, a lot of untapped resource in the world ... production. TER: Would open Russian military involvement in Ukraine count as one of those geopolitical events? BB: Probably not. Ukraine is more of a gas-producing country than an oil-producing ...
US running out of room to store oil; price collapse next?
San Jose Mercury News - 3/3/2015 9:18:24 AM
For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing ...
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.
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
Oil drops as gain in Saudi Arabian output boosts Opec production
Live Mint - 3/2/2015 11:42:45 AM
Melbourne: Oil fell after the first monthly gain since June as Saudi Arabia stepped up production ... and analysts shows. The country pumps the most crude among the 12 nations of OPEC, which supplies about 40 % of the world’s oil. Prices may trade ...