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
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal - 7/2/2015 8:09:28 PM
... as a sign of the kingdom’s power to flood the world’s supplies. Saudi Arabia’s oil minister has said the kingdom would maintain current production levels. Other Middle Eastern countries face similar energy demands in the summer, but they have ...
Oil Rigs Increase by 12 to 640 in First Gain This Year
Bloomberg - 7/2/2015 6:14:56 PM
It indicates that any production decline may only last for ... late last year as the Organization of Petroleum Exporting Countries, which accounts for more than a third of the world’s oil, resisted calls to curb its own supply. The 12-nation group ...
Oil prices fall as Greece defaults with IMF, US, OPEC production rise
Economic Times - 7/1/2015 4:14:26 PM
Analysts said rising production from the Organization of Petroleum Exporting Countries (OPEC) as well as in the United States were also weighing on prices. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated ...
Global Oil and Gas Exploration and Production Industry to 2020 (H2 2015)
Computer World - 7/2/2015 10:43:58 AM
Outlook of the industry amidst declining oil prices and firm stance of OPEC countries and declining activities ... in the research work. Details of production in all major oil and gas fields across the world are provided in detail. Revenues, capex and ...
Nigeria: Opec Battles to Regain Crude Oil Revenue
AllAfrica - 7/1/2015 11:28:06 AM
Crude oil production in OPEC Member Countries reached 30.7m bpd during 2014, down 2.9 per cent from 2013, year-on-year". It put the overall OPEC share to the world crude production total in 2014 at 41.8 per cent, lower than in 2013, when it was 43.3 per cent.
Oil tumbles 4% on global glut, OPEC output boost
The Star - 7/2/2015 4:03:06 AM
Oil fell ... and OPEC production increased, signaling a global glut will persist. U.S. inventories climbed 2.39 million barrels, an Energy Information Administration report showed. Crude output from the Organization of Petroleum Exporting Countries ...
EU rapeseed crop hit by dry weather, raising import needs
Reuters - 7/1/2015 12:32:31 PM
Rapeseed, the main oilseed for vegetable oil and biodiesel production, has suffered from a lack ... damage have reduced rapeseed harvest prospects in some countries including Germany," Oil World executive director Thomas Mielke said.
Oil and gas deals inimical to economic growth’
Ghana Web - 7/2/2015 2:37:12 AM
Parliament has been called to reject the Petroleum Exploration and Production Bill 2014 and adopt ... “It is noteworthy that 81 countries in the world, with 34 in Africa producing oil and Gas according to our investigation, have signed into the ...
Norway Increases Oil and Gas Drilling as Oil Prices Stabilize
Economy Watch - 7/1/2015 3:31:29 PM
Latest news about the state of the world economy ... that Johan Sverdrup will make up 25 percent of oil production from the Norwegian continental shelf. All of this is good news for Norway, but the country still has hurdles to overcome when it comes ...
Oil States International Downgraded by Zacks to Strong Sell (OIS)
sleekmoney.com - 7/1/2015 11:45:24 PM
With locations around the world, Oil States is a leading manufacturer ... services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling ...
Bearish News For Oil Growing By The Day
Oil Price - 7/2/2015 9:21:03 PM
even as the world remains well supplied. Related: Bakken Production Remains Firm In Spite Of Low Oil Prices Finally, the negotiations over Iran’s nuclear program have been extended by a week, clearly a sign that the P5+1 countries and Iran are at least ...
Brazil and Iraq decrease oil output
PennEnergy - 7/1/2015 4:14:26 PM
Instead of becoming two of the world's largest exporters ... Brazil and Iraq's goal to become two of the top five oil producing countries by 2020 seems to be under contention at this point. The U.S.'s shale production is still in a good state, however.
The countries slammed worst by plunging oil prices
CNBC - 12/5/2014 5:57:56 PM
The drop has taken a multibillion-dollar bite out of the world economies that depend heavily on oil production ... in countries which are net oil importers," he added. "Consumers will spend at least half the money they gain from the fall in oil prices."
Oil falls below $63 as Greece defaults, supply soars
Yahoo Finance - 7/1/2015 9:04:56 AM
World powers and Iran are holding ... of other currencies and tends to weigh on oil prices. The report by industry group API, as well as a jump in production by the Organisation of the Petroleum Exporting Countries (OPEC) and the United States, weighed ...
World Food Prize goes to founder of anti-poverty group
USA Today - 7/1/2015 2:05:35 PM
WASHINGTON – Sir Fazle Hasan Abed had a prestigious career working for Shell Oil ... countries like India and Pakistan," said Abed, 79. "We provided support and worked together with the government to deliver change in our society." The World Food Prize ...