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
Iran gears up for big return to world oil markets
CNN Money - 11/23/2015 11:59:33 PM
Crews are working flat out, hoping to quadruple production ... country delegations from Europe and Asia -- often including energy CEOs in tow -- beating a path to Tehran since the interim agreement was signed July 14. Iran's reemergence as a world oil ...
OPEC to maintain higher oil production despite fears of a slump to $20/bbl mark
Firstpost - 11/25/2015 3:14:37 PM
The Organisation of the Petroleum Exporting Countries (OPEC) is determined to keep the production of oil the same despite ... cut back on capital spending. But the world is still producing much more oil than it needs. Russian output has unexpectedly ...
Liberia: How Sime Darby & Oil Palm Production Will Help Liberia's Economy
AllAfrica - 11/24/2015 3:44:27 PM
At present, the world's largest oil palm plantation ... According to company sources, the eight ton plant is expected to start production by December 2015. This will greatly help improve the country's economy. But the thirty too plant is being set up ...
The Kingdom Offers Less Oil
Seeking Alpha - 11/26/2015 12:32:58 AM
Given the mythical status of Saudi supply, this was the one country ... production and capacity, there is simply too much here, especially timing, in and of the "dollar", to instead go searching the sand to desperately provide an oil supply answer to the ...
UPDATE 1-Saudi Aramco to invest more in Indonesia's oil and gas sector
Reuters - 11/26/2015 2:09:01 PM
The Saudi Aramco CEO's comments are positive for Indonesian President Joko Widodo's efforts to attract investment after a clean-up of the country's oil and gas sector that ... import crude from Saudi Arabia, the world's top crude exporter.
Major oil gains came from outside OPEC
United Press International - 11/25/2015 1:34:24 PM
"The United States surpassed Saudi Arabia and Russia and became the first oil producer in the world ... Countries remains robust, Eni said the "most significant" increase came from non-OPEC members, where gains increased by 2.2 percent. Iraqi oil ...
Olam: El Nino Has Already Hurt Palm Oil Trees
Wall Street Journal - 11/26/2015 1:04:35 PM
Malaysia and Indonesia produce around 85% of the world’s palm oil, which is used in everything from cookies to lipstick, and annual production from the two countries is in excess of 50 million tons. Write to Lucy Craymer at Lucy.Craymer@wsj.com
OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Rigzone - 11/24/2015 7:47:49 PM
Their “experiment in letting prices bring adjustments to the world’s oil balance has yet to run ... after a seven-year hiatus that was triggered by the Asian country’s wilting oil production. The ceiling may be raised to 31 million barrels a day ...
Shale oil: Declining production might close the supply glut
Arab News - 11/22/2015 11:53:35 PM
The OPEC, which controls about 30 percent of world’s crude output, is often able to influence prices at a global scale. However, the United States has driven of oil production growth ... Oil-dependent GCC countries, which witnessed severe declines ...
US Syria sanctions target World Chess chief, IS oil buyer
Yahoo News - 11/25/2015 10:09:48 PM
Washington (AFP) - The United States slapped sanctions Wednesday on backers of the Syrian regime including a middleman accused of buying oil from the Islamic State group and the Russian head of the World Chess ... our sport in all countries and speak ...
Oil up after Saudi's comments, but will OPEC change their output strategy?
Al Bawaba - 11/25/2015 11:25:34 AM
The world's biggest oil producer added that it is ready to cooperate ... and after a decision by the Organization of Petroleum Exporting Countries last year not to cut production. OPEC will meet on December 4 to review their output strategy.
Is the OPEC Ready to Cut Oil Production?
Forex Street - 11/24/2015 10:10:59 PM
With the Organization of Petroleum Exporting Countries ... oil in the world and its economy relies heavily on its energy exports. Oil diggers in Canada are then able to rake in higher profits when prices are up, encouraging them to boost production ...
Oil prices up in Asia ahead of OPEC meeting, US report
freemalaysiatoday.com - 11/25/2015 1:02:47 AM
... of comments by the Saudi Arabian oil minister that his country was prepared to work with other oil producers to stabilise prices was muted because there was no firm signal to slash production to ease the glut in global crude supples. The market will ...
Oil and gas companies 'risk losing $2tn'
BBC - 11/25/2015 2:38:50 PM
The world's ... state-owned oil company Pemex is the most at risk, to the tune of $77bn over the next 10 years. Shell ($76.9bn), Exxon Mobil ($72.9), Rosneft ($53.3bn) and BP ($45.5bn) make up the rest of the top five. Regarding countries, it says US ...
What it costs to produce a barrel of oil
WYFF 4 - 11/24/2015 6:40:25 AM
"Vigorous production" from OPEC countries has created a "massive cushion" of 3 billion barrels of oil around the world, the International Energy Agency said in a recent statement. The resulting crash in oil prices is pinching even the strongest OPEC members.