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
Exclusive: Sanctions deal will unleash Iran's oil production, official says
CNN Money - 9/2/2015 9:44:45 AM
Tehran is wasting no time in planning its comeback, and is aiming to ramp up production ... our country will accept not to produce, to secure the market for others? It's not fair." Iran has the fourth biggest oil reserves in the world and is pumping ...
Canada Illustrates Plight of Rich but Resource-Dependent Countries
Wall Street Journal - 9/2/2015 3:03:53 AM
Its peak production coincided with the rise in global oil prices, helping to make Norway one of the richest countries in the world.But even so, it isn’t immune to the impact of the collapse in crude oil or to an overreliance on that sector.
Oil Tumbles as Wild Ride Continues
New York Times - 9/2/2015 1:02:12 AM
At the same time, data released by the Energy Department this week showed that domestic oil production ... of the country over the next few months. But at current prices, the glut is probably not sustainable. Much of the oil produced around the world ...
Government report: Gasoline prices won’t climb if U.S. exports its oil
Fuel Fix - 9/1/2015 6:21:20 PM
Executives from oil companies ... capacity and how other countries would respond to new American crude entering world markets. The EIA notes that its models “generally reflect an assumption that increases in U.S. crude oil production are partially ...
Why Oil Producers Are Still Pumping Oil
MILLIONAIRE CORNER - 9/1/2015 1:13:31 PM
But the combination of American, Canadian and Russian oil production and energy-saving ... nuclear-arms deal with the United States and other world powers takes export restrictions off the volatile country. According to Bloomberg, Russia is pumping 10.6 ...
No deal impending between OPEC, non-OPEC countries
Azer News - 9/2/2015 11:39:17 AM
However bank’s analysts still see little prospect of a deal being reached with the countries above ... The current oil production quota of OPEC amounts to 30 million barrels per day. Saudi Arabia, the world's top oil exporter, and other Gulf states ...
World Bank aims for global deal to stop oil well flaring
CNBC - 8/20/2015 11:54:42 AM
arguing that it would both cut greenhouse gas emissions and improve access to energy in low-income countries. About 140bn cubic metres of gas per year, or about 4 per cent of world production, are burnt off by the oil industry in flares. The electricity ...
Iran’s Crude Oil Output To Impact Price After Sanctions Lift
Live Trading News - 9/1/2015 8:37:20 PM
There is no indication yet that Key OPEC producers Saudi Arabia and the Gulf countries will pare output to accommodate Iran’s increased production ... Crude Oil output would not halt the price fall but would further reduce OPEC’s share of world ...
TransCanada's Upland Pipeline Proposal: What in the World Are They Thinking?
NRDC SWiTCHBOARD - 9/1/2015 8:15:52 PM
In the dead of summer, while the country was away on vacation ... Searching for a justification for the Upland pipeline seems inevitably to turn to other oil production areas, primarily Alberta's nearby tar sands. Given TransCanada's continued woes ...
Oil’s three big days wipe out a month of losses
Live Mint - 9/1/2015 11:54:47 AM
Opec, producer of about 40% of the world’s oil, renewed its commitment to talk to ... and there’s no reason to believe any non-Opec countries will work with the group to cut production. Russian production has remained high because the weak ruble ...
Oil Plunges on Weak Global Factory Data
Fox Business - 9/1/2015 4:12:29 PM
Oil prices fell sharply on Tuesday after official data showed China's manufacturing sector, one of the main engines powering the world's biggest energy consumer ... Organization of the Petroleum Exporting Countries are pumping over 2 million bpd more ...
It’s time to lift the crude oil export ban
tribtalk.org - 9/2/2015 4:08:18 AM
With production of domestic oil and gas projected to continue growing ... Our allies — including NATO countries in Europe and partners around the world — are regularly calling on the U.S. to lift this ban to help them achieve greater independence ...
Oil tumbles most in seven months after biggest gain in 25 years
The Vancouver Sun - 9/1/2015 10:28:53 AM
Oil rose Monday after the U.S. government lowered production estimates and the Organization of Petroleum Exporting Countries said it’s prepared ... years prompted speculation that growth in the world’s second- biggest oil-consuming economy is slowing.
Oil Does An About Face - Will OPEC Cut Production
FX Empire - 9/2/2015 2:56:44 AM
The Organization of the Petroleum Exporting Countries said the group’s production rose to its highest ... In its monthly oil market report, the 12-nation cartel of some of the world’s biggest oil producers said its members pumped 31.51 million barrels ...
Oil prices plunge after rally
Xinhua News Agency - 9/1/2015 10:24:43 PM
Market tumbled as a renewed selloff around the ... U.S. crude oil production in June 2015 at 9.3 million barrels per day, a decrease of about 100,000 barrels per day from the revised May 2015 figure. The Organization of the Petroleum Exporting Countries ...