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
World Bank: Uganda could get rich on oil
United Press International - 6/24/2016 3:06:35 PM
It said it has uncovered more than 1 billion barrels of oil in Uganda since operations began and most of that was in the country's Lake Albert basin. Once production begins, the World Bank estimates Uganda could bring in up to $2 billion per year in revenues.
Opec points to oil demand exceeding production
Portal em dia - 6/25/2016 9:36:07 AM
The oversupplied oil market ... of falling USA production and a string of supply outages. Iran's strong return to the oil market after sanctions were lifted is also impacting the supply side this year, with the IEA calling the country the "fastest source ...
The Clock Is Ticking On Venezuelan Oil Production
Seeking Alpha - 6/24/2016 1:33:31 PM
The clock is ticking, it is only matter of when Venezuelan oil production will meet a steep ... gasoline prices in Venezuela are the lowest in the world, zapping any profits that would be made for the countries coffers. Since the government is subsidizing ...
World commodity prices plummeting
Supply House Times Magazine - 6/23/2016 2:46:18 PM
When analyzing this particular time period from a global perspective, it will be designated as a timeframe when the massive commodity-producing undeveloped and developing countries were ... in the Mideast (the world’s oil production center), it also ...
Oil prices move lower even as demand pressures mount
EQUILIBRIO INFORMATIVO - 6/25/2016 1:32:20 PM
Moreover, low oil prices are driving down production in non-OPEC countries, the report said. OPEC stuck with a forecast that world oil demand will rise by 1.20 million bpd this year. According to the EIA Weekly Petroleum Data summary, USA commercial crude ...
Nigeria's Oil Revenue Dropped By U.S.$35 Billion in 2015
AllAfrica - 6/24/2016 11:39:00 AM
Other highlights of the report showed that in 2015, world crude oil production increased by 1.75 million barrels/day (mb/d), or 2.4 per cent, compared with 2014, marking the second-highest increase within the last 10 years. Among non-OPEC countries ...
Oil prices pushed higher due to supply shortfalls - IEA
MusicZine - 6/25/2016 11:37:48 AM
with the return of large-volume shut-in production and slower-than-expected demand. After a strong first quarter for world oil demand, the Paris-based rich consumer countries' energy watchdog said it now expects demand this year to be 100,000 barrels per ...
OPEC export revenues plunged by half in 2015
Talk Of The Devils - 6/25/2016 12:10:37 AM
Nigeria's troubles - as well as those in fellow Opec member Libya - look long-term, the IEA said, while non-Opec countries will see production ... in Nigeria and an oil refinery strike in France. OPEC stuck with a forecast that world oil demand will ...
How California produces oil so dirty it has to be shipped to Asia for sale
The Week Magazine - 6/25/2016 1:10:52 PM
And despite the massive environmental damage — not to mention the public relations headache — caused by the Porter Ranch natural gas leak, California remains a world ... its own oil, choosing instead to target other states' and countries ...
Iran's oil exports have tripled since late 2015
Hartford Business - 6/15/2016 11:59:49 PM
All told, Iran's oil production has surged by 730,000 barrels per day since the end of 2015, the largest gain from any OPEC country. It fits in with OPEC's recent efforts steal back market share by flooding the world with lots of oil. More importantly for ...
Oil futures fall as global growth, Brexit concerns weigh
牛讯网 - 6/24/2016 11:06:11 PM
In its report, OPEC attributed the recovery to a myriad of factors, including a weaker dollar, falling production in the United States and forecasts of a sharp fall in non-OPEC oil supply this year, partly due to disruptions in some producer countries.
IEA says oil price unlikely to rise
Robertogato - 6/24/2016 11:27:40 PM
Prices tumbled last year as OPEC refused to concede market share to a crude surplus triggered by years of booming shale oil output from the U.S. OPEC forecasts that the world ... non-OPEC countries cut 800,000 barrels a day from global production in ...
How Will Brexit Affect Oil Prices? Market Takes A Hit After EU Referendum, But It’s No Long-Term Blow
International Business Times - 6/24/2016 2:52:16 PM
Attacks on Libya’s key production facilities has delayed the country’s attempts to restore oil ... the Paris-based energy agency said in its monthly oil market report last week. The world’s oil markets won’t be completely immune to any financial ...
Guest commentary: Independents’ day dawns for oil industry
Fuel Fix - 6/23/2016 2:53:27 PM
A couple of weeks ago, Mexico continued the historic opening of its energy markets to the world with ... exploration and production with companies other than government-owned Petróleos Mexicanos. Besides Pemex, 28 companies from seven countries now ...
Exclusive: Nigeria's Dangote shifts focus from cement to oil and gas
The Business Insider - 6/24/2016 7:21:18 AM
plans to launch Nigeria's first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn. Dangote told Reuters the $12 billion refinery ...