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
US is overtaking Saudi Arabia as world’s largest petroleum producer
Ya Libnan - 9/30/2014 6:37:26 AM
... earlier this month that the kingdom was the “only country with usable spare oil production capacity”. However, even Saudi officials do not deny that the rise of the US to become the world’s largest petroleum producer – with an even greater ...
Oil Prices Falling On High Dollar, Weak Global Manufacturing And Surging Production
International Business Times - 9/30/2014 6:18:57 PM
Oil prices tumbled by about 3 percent Tuesday after reports that OPEC production is surging higher than ... of the Organization of the Petroleum Exporting Countries, which supplies a third of the world’s oil, rose to its highest in nearly two years ...
America on Track to Lead World in Oil Production
The Patriot Post - 9/30/2014 3:27:09 PM
the watchdog backed by rich countries. With US production continuing to boom, its output is set to exceed Saudi Arabia’s this month or next for the first time since 1991.” As the much of the oil producing world dissolves into chaos, this innovation ...
Commercial Oil Production In Ghana
Spy Ghana - 10/1/2014 7:26:21 AM
Production of crude oil begun with 85,000 ... For instance Trinidad and Tobago has moved from the third world to the first world working with its oil and gas resources effectively. Other countries are Norway, Brazil and Botswana which are into other ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
For perspective, the second-largest increase in oil production was recorded by the United Arab Emirates with a gain of 248,000 bpd over 2012, and Canada was the only other country in the world to record an increase of more than 200,000 bpd, at 208,000 bpd ...
Africa: Nigeria, Libya Threatened As More African Countries See Oil Boom
AllAfrica - 9/30/2014 10:55:08 AM
A report by EY, a global leader in assurance, tax, transaction and advisory services released recently noted that the fortunes of other players like the Republic of the Congo which faced oil production decline, could change if the World Bank's proposed ...
Why Peak-Oil Predictions Haven't Come True
Wall Street Journal - 9/29/2014 4:25:36 PM
In 2009, U.S. oil production began to rise—at first slowly ... Innovations allowed the industry to locate its frack jobs better and increase density. Now other countries are starting to apply the same techniques and may see the same kinds of gains.
Oil Prices Fall, and the Global Economy Wins
Businessweek - 9/29/2014 5:51:30 PM
This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any further. The world’s biggest crude exporter ... East will be able to weather lower prices, countries such as Brazil, Mexico, and Venezuela will be ...
Energy Journal: Theories Abound About Oil Markets
The Wall Street Journal - 9/29/2014 10:56:19 AM
Moreover, the risk for Saudi in cutting production is that other countries, including fellow OPEC members ... As a reminder, the idea is that the world’s oil production will eventually reach a limit and then decline, leaving us with ever higher ...
The outlook of the olive oil production in the Mediterranean basin
Teatro Naturale International - 9/30/2014 1:54:05 PM
After the year of discharge last year's production in Greece should go back to usual levels, between 280 and 300 thousand tons, thus undermining the post of Italy's second-largest producing country ... olive oil trade with Syria. Overall, world production ...
World oil prices fall lowers cost of A-95 gasoline in Azerbaijan
Hispanic Business - 10/1/2014 8:45:06 AM
Currently, AI-95 gasoline (Premium) is imported to Azerbaijan from outside the country, and price changes in the external market affect the cost of the product in the country, the source on the oil and gas ... never used in the production and delivery ...
UPDATE 1-Stalled Kashagan hampers Kazakhstan's oil output growth
Reuters - 10/1/2014 12:48:29 PM
A further increase in production after the 3 percent rise last year has been thwarted by delays at the giant Kashagan oilfield in the Caspian Sea. Kashagan, the world's biggest oil find in recent ... in the west of the country. TCO is due to begin ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
Nigeria’s Oil Industry Stagnates on Endless Reforms
This Day Live - 9/30/2014 1:36:47 AM
The company in 2006 started production from the world-class Erha deepwater development in ... of the PIB is hampering the inflow of investments in Nigeria’s oil and gas sector, the country is facing increasing competition from the neighbouring countries ...