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
OPEC seeks oil production cutbacks by non-member countries
CP24 - 12/10/2016 9:51:37 AM
VIENNA -- OPEC member states are meeting with Russia and other non-OPEC countries in Vienna for talks about a reduction in oil production. Secretary General Mohammed Barkindo said the discussions began Saturday in a "positive atmosphere" at the ...
Qatar energy minister: Non-OPEC countries agree to cut oil production by 558,000 barrels per day
Washington Post - 12/10/2016 12:36:16 PM
VIENNA — Qatar energy minister: Non-OPEC countries agree to cut oil production by 558,000 barrels per day. Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Saudis Signal Deeper Cuts After Deal With Non-OPEC Countries
bloomberg.com - 12/10/2016 7:42:46 AM
OPEC two weeks ago agreed to reduce its own production by 1.2 million barrels a day ... "It’s the first time so many oil countries from different parts of the world gathered in one room to accomplish what we have done," he added, speaking alongside ...
Ecuador, Venezuela Hail Non-OPEC Countries' Agreement on Production Cut
Brunei Direct - 12/11/2016 3:59:41 AM
Ecuadorian Foreign Minister Guillaume Long hailed on Saturday non-OPEC oil-producing countries' decision to reduce their production. Following a deal by OPEC to cut production by 1.2 million barrels a day in November, this agreement will see non-OPEC ...
‘If Russia & Saudi Arabia lead, rest will follow’: Saudi energy minister on historic oil deal
RT - 12/11/2016 2:55:15 AM
so their share in the world’s oil production approaches 60 percent. He went on to say that the share of the countries that took part in the negotiations in Vienna on Saturday is even greater in the total volume of oil that is traded because “oil ...
OPEC countries agree to first production cut in 8 years
Flapship - 12/10/2016 9:25:59 PM
The Organization of the Petroleum Exporting Countries (OPEC) has managed to commit its divided members to reduce world oil production for the first time in eight years, reports Bloomberg. OPEC agreed to take the highest level of Iran's oil output since ...
Non-OPEC oil producers to cut output 558,000 barrels a day
Philstar - 12/10/2016 10:23:15 PM
The announcement came after OPEC member states met with Russia and other non-OPEC countries in Vienna ... in the United States. Oil closed at $51.58 on Friday, up 6 percent since the OPEC production cut was announced. World ( Article MRec ), pagematch ...
Non-OPEC oil states agree to cuts in crude production in a 'historic' deal
Public Radio International - 12/10/2016 10:59:02 PM
Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world's glut of crude and reverse a dramatic fall in income. Russia and 10 other non-OPEC states will reduce their production by ...
OPEC Persuades 11 Non-members to Cut Oil Production
Voice of America - 12/10/2016 5:26:46 AM
The cartel of oil-producing countries known as OPEC has persuaded 11 non-member countries to slash oil production as a way to raise the low price of oil, which has caused financial stress for the oil producers. OPEC President and Qatar Energy Minister ...
Iran Races to Clinch Oil Deals Before Donald Trump Takes Office
New York Times - 12/9/2016 1:20:24 PM
Just as important, though, the agreements could provide a lifeline to the rest of the world, experts say, cementing relations with a number of European and Asian countries ... a struggle to rebuild its oil exports. Growing production has allowed Iran ...
OPEC, oil-producing nations strike deal to cut output
Market Watch - 12/10/2016 1:37:42 AM
VIENNA—Oil-producing nations on Saturday struck a deal to cut output along with the Organization of the Petroleum Exporting Countries, a pact designed to reduce a global oversupply of crude, lift prices and lend support to economies hurt by a two-year ...
Costa Rica leads Latin America renewable-energy-producing countries
Costa Rica Star - 12/10/2016 11:24:41 AM
Arroyo added, however, that these countries still have a “high dependency” on those greenhouse-gas-producing fuels, above all in the transportation sector, 80 percent of which depends on oil, and in ... 7 percent of the world’s electricity, and ...
OPEC, non-OPEC agree to their first global oil pact since 2001
Reuters - 12/10/2016 10:41:44 AM
Many non-OPEC countries such as Mexico and Azerbaijan face a natural drop in oil production and some analysts expressed doubts those declines should be counted as cuts. Industry sources said Oman and Kazakhstan had yet to inform their foreign partners on ...
OPEC/Russia Oil Cut Deal Pushes Up Asian Natural Gas Prices
Forbes - 12/10/2016 8:18:34 AM
He said that even as supply increases, LNG demand will be weak coming out of Japan and South Korea, the world’s top ... aging demographics in both countries. Furthermore, OPEC still has to implement its pledge to cut oil production, but the cartel ...
Non-OPEC countries agree to cut oil production by 558,000 barrels per day
newzsentinel.com - 12/10/2016 6:19:52 PM
Non-OPEC countries agreed to cut oil production by 558,000 barrels per day (b/d ... and threatening to unhinge the entire industry from Texas to Russia, analysts the world over are working overtime to predict what happens next. Some, like financial ...