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
The World's Great Oil Producers Are Watching the Power They've Held for Decades Suddenly Fade Away
Alter Net - 5/3/2016 3:43:47 AM
The leaders of these countries were well aware of one thing ... we are indeed entering a new world in which, among other things, the titans of oil production will no longer hold sway over our lives as they have in the past. This, in fact, appears to ...
Iran strives to join the world shale oil club
Oil Voice - 5/3/2016 9:13:04 AM
Having no shale oil production experience Iran may attract the US skilled ... This Trio owns almost half of the total world shale oil reserves. Additionally 36 countries in the world own technically recoverable shale oil reserves but in fact there are ...
The Oil Market Remains Mired In A Difficult Situation
Seeking Alpha - 5/3/2016 1:49:16 AM
Based on the OPEC's data, the world's oil consumption in Q1 2016 amounted ... oil majors have to reduce production in such places. Oil production in OPEC member countries increased by 0.9M barrels per day in 2016, and it fell by 0.4M barrels per day ...
Oil Price Upheaval Finally Hits Refiners
Wall Street Journal - 5/4/2016 4:32:43 AM
Now that U.S. oil production is falling and the country allows crude exports ... low crude prices have encouraged refiners to buy oil and produce more fuel than the world needs, said Robert Campbell, head of oil products research at consultants Energy ...
Oil prices rebound in Asia but gains limited by glut fears
Gulf News - 5/3/2016 5:02:32 AM
Iran has been ratcheting up its production since Western sanctions on the country were lifted in January following ... of US stockpiles data Wednesday to gauge demand in the world's top oil consumer.
Oil market falls sharply
The Peninsula - 5/3/2016 5:05:31 PM
London: World oil prices sank ... of Petroleum Exporting Countries (OPEC) takes firm action to ease the oversupply during its twice-yearly meeting next month. CMC Markets analyst Margaret Yang said Iran's oil production was likely to hit 4.0 million ...
United States Oil Fund (USO): What’s Dragging Crude Oil Prices Down?
bidnessetc.com - 5/3/2016 5:41:19 PM
A Shale Revolution in the country saw production reaching all-time highs ... the cartel responsible for close to 40% of the world’s crude oil supply. Ever since trade sanctions were lifted from Iran, the country has been increasing its supply of the ...
Nymex oil hits 5-month high on weak U.S. production data
Investment Underground - 5/4/2016 5:15:40 AM
Major oil producing countries, except Iran, gathered in the Qatari capital Doha discussing a possible crude production freeze in a bid to shore ... On top of the shale effect, the world's largest oil exporter is also behaving differently.
Why are oil prices so low?
weforum.org - 5/3/2016 3:46:47 PM
Just a few years ago, the world couldn’t get enough of it ... be happy to keep prices low for a while to make it uneconomical for other countries to develop further oil production. Some analysts think OPEC will never return to its production-cutting ...
Crude backs off highs on rising OPEC production
Tri-County Sun Times - 5/4/2016 12:07:51 AM
Traders will also have an eye on the release of United States stockpiles data tomorrow to gauge demand in the world's top oil consumer ... on hold or delayed in several emerging and developing countries. "Sentiment has improved from the dark days of ...
World Rare Earth Market
The Street - 5/4/2016 1:05:07 AM
LONDON, May 3, 2016 /PRNewswire/ -- Study coverageThis report presents historical demand and mine production data (2004, 2009, 2014) plus forecasts (2019, 2024) by product and market in six world ... to oil refining sectors in emerging countries are ...
The Age of Cheap Oil and Natural Gas Is Just Beginning
Scientific American - 5/3/2016 11:46:23 PM
In our view, it is political rather than economic forces that have shaped the inadequate growth of upstream oil production capacity ... be questioned when the country’s dependence on oil from the region is further reduced. A world of growing and ...
Ghana: World Bank Raises Forecast for Crude Oil Prices
AllAfrica - 5/3/2016 4:08:15 PM
The World Bank is raising its 2016 forecast for crude oil prices to $ 41 per barrel from $ 37 per ... Nigeria and a decline in non-organisation of the Petroleum Exporting Countries production, mainly United States sale. It indicated a proposed production ...
Oil prices fall further from 2016 peak
You Don't Know Football - 5/4/2016 12:57:58 AM
In constant money, the price of oil rose by nearly 900% between 1970 and 2013. Oil fell from a five-month high as surging OPEC crude production is seen swelling ... trade sanctions were lifted from Iran, the country has been increasing its supply of ...
Oil prices dip on looming production race between Saudi Arabia, Iran
Comment - 5/3/2016 10:03:11 AM
In the absence of a production-freeze deal between Russian Federation and the Organization of the Petroleum Exporting Countries ... crude oil inventories report. Even then, stocks are rising around the world. Brent crude for June settlement rose 1.1 ...