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
Oil Prices Fall on Iraq Production Increase: Short Term Top?
ETF Daily News - 8/23/2016 9:01:56 AM
Reportedly, Iraq, which is the world’s seventh largest oil producing country, will ramp up its exports amid higher production. Iraq’s July oil production rose to 3.71 million barrels per day. Strong oil output from China (the fourth largest oil ...
Russia Kicks Up Arctic Oil Drilling As Polar Ice Caps Melt
Forbes - 8/23/2016 1:23:48 AM
Russian oil company Gazprom Neft, the country’s fourth largest oil producer ... “Although this has little immediate effect on Russian production, the sanctions, along with the low world oil prices, have made it more difficult for Russian energy ...
Oil turns higher on report Iran may support crude-output freeze
Market Watch - 8/23/2016 11:53:44 AM
A floating oil ... production freeze faded and expectations of a ramp up in Iraqi and Nigerian production grew, but a report from Reuters sparked a reversal. Citing sources in the industry as well as at the Organization of the Petroleum Exporting Countries ...
China’s Biggest Oil Firms May Calm Investors With Post-Crash Payouts
hellenicshippingnews.com - 8/23/2016 6:56:04 PM
‘More Generous’ While shares of China’s so-called Big Three oil companies — which includes China Petroleum & Chemical Corp., the world’s biggest refiner ... as well as the slide in the country’s production due to an estimated 10 percent ...
Iran ready to talk with OPEC on oil output
The Australian - 8/23/2016 8:14:49 PM
Iran has told members of the Organization of the Petroleum Exporting Countries that it would attend talks ... OPEC, a 14-nation producer group that controls over a third of the world’s crude-oil production, isn’t scheduled to meet formally until ...
OPEC Monthly Oil Market Report August 2016
Seeking Alpha - 8/23/2016 2:42:33 AM
OPEC released its Monthly Oil Market Report on August 10 ... Saudi Arabia, and UAE, though production from Iran has increased as well. These four countries as a group increased output by 125 kb/d in July to 20,523 kb/d. Iranian output has increased ...
Three Barrels, Great People and a Co-Mingled Sweet Spot: The Oil & Gas Conference® Panel Roundup
oilandgas360.com - 8/23/2016 10:02:11 PM
China, currently the fourth largest petroleum producer in the world, is a major contributor to global supply, producing 1.53 Bbbl of crude oil and 4.67 Tcf of natural gas domestically in 2015. More than 95% of all production comes from three state-owned ...
World’s Worst Currency Slump Gleaning Rewards for Nigeria
Bloomberg - 8/23/2016 6:45:56 AM
Oil production has sunk to a near three-decade low of about 1.5 million barrels a day as militants attacked pipelines and export terminals in the south of the country ... markets analyst at Citigroup Inc., the world’s biggest foreign-exchange trader.
Oil prices fall on U.S. crude stocks build; fears over China demand
Reuters - 8/24/2016 1:22:37 AM
Iraq's prime minister said on Tuesday the country had not yet reached its full oil market share, suggesting his government ... to actually have some meaningful constraint on production because there is quite a lot of capacity of U.S. shale to come on ...
Not even OPEC can save the struggling oil market now, Goldman says
topix.com - 8/24/2016 12:53:59 AM
The moves, however, were largely overshadowed by growing expectations the Organization of the Petroleum Exporting Countries will agree ... in conflict in areas of disrupted production would be more relevant to the oil rebalancing than an OPEC freeze ...
Sime Darby Sees 10 Percent Drop in Palm Oil Output in Fiscal 2017
jakartaglobe.beritasatu.com - 8/24/2016 1:15:28 AM
Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, said its production of crude palm oil may take ... market has been affected by uncertainty arising from the country's vote to leave the European Union, Sime Darby said, adding ...
Oil prices slide on worry of crude supply glut
Azer News - 8/23/2016 4:32:54 PM
The price of a barrel of Azeri Light crude oil decreased $1.02 to stand at $50.29 on the world markets. The decrease observed ... which resulted in the fall of oil production in the country to 20-year lows. Goldman Sachs analysts say that a 20 percent ...
Why Arctic Oil Is Crucial For Russia’s Future
Oil Price - 8/23/2016 3:46:58 AM
It’s also the world’s second-largest gas producer, after the U.S. About half of Russian government revenues come from oil and gas sales, which makes the energy industry essential for the country ... Now there are four production wells, yielding ...
Oil Below $49 as Glut Outweighs Production Reduction Hopes
worldenergynews.com - 8/23/2016 12:36:41 PM
"Today we remain bearish on crude oil," said Georgi Slavov, analyst at Marex Spectron. "Supply looks likely to increase in the short term." Goldman Sachs, in a report, said talk of an output freeze by the Organization of the Petroleum Exporting Countries ...
These maps show which countries use (and produce) most of our non-renewable energy resources
Global Post - 6/3/2014 12:44:39 AM
The heatmap below shows which countries ... global coal production in the last 10 years. So What? China is using and producing most of the world's coal. So what does that have to do with the rest of us? Well, like all non-renewable energy resources ...