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
A New American Oil Bonanza
New York Times - 8/29/2014 12:13:03 AM
The United States now accounts for 10 percent of the world’s oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to sell their oil to China and other Asian markets at steep discounts ...
Major Changes in World Oil, Gas Markets: Report
sourceable.net - 8/28/2014 5:53:40 PM
We are a world leader in LNG megaproject execution, and we are emerging as an energy exporting nation.” In its report, Deloitte argues the extent of transformation involved in unlocking America’s shale formations, with the country’s oil production ...
OPEC Oil Output Hits One-Year High in August on Nigeria
Businessweek - 8/29/2014 5:02:22 PM
Production by the 12-member Organization of Petroleum Exporting Countries rose by 891,000 barrels a day to ... Brent is the benchmark grade for more than half the world’s oil. West Texas Intermediate oil for October delivery climbed 72 cents, or 0.8 ...
Mexican deep-sea oil reserves to boost production
worldbulletin.net - 8/29/2014 7:29:42 AM
we will still be one of the largest oil countries in the world in terms of reserves.” According to the U.S. Energy Information Administration, Mexico’s oil production will rise to 3.7 million barrels a day by 2040 – a 75 percent increase on previous ...
OPEC oil output rises in August as Libyan recovery holds
Reuters - 8/28/2014 12:38:42 PM
LONDON, Aug 28 (Reuters) - OPEC's oil production has risen in August from July ... Supply from the Organization of the Petroleum Exporting Countries has averaged 30.15 million barrels per day (bpd) in August, up from 30.06 million bpd in July, according ...
Mexico's Pemex says production to increase in 2015
San Francisco Gate - 8/29/2014 9:27:13 PM
Private exploitation of Mexico's oil and gas drilling is being allowed for the first time since the industry was nationalized 76 years ago. Hernandez said Friday that more than a third of the country's production will continue to come from the Ku-Maloob ...
Mexico's Pemex estimates crude production will increase to 2.4 million bpd in 2015
FOX News - 8/29/2014 8:15:38 PM
MEXICO CITY – Mexico's state-owned oil company is estimating its ... hundreds of matures oil fields and start production in recently discovered reserves. Hernandez said Friday more than a third of the country's production will come from the Ku-Maloob ...
Iraq and Libya spark oil production fears
Opalesque Hedge Fund News - 8/29/2014 1:10:19 AM
The world fears an oil crisis will occur if the security situation in oil-producing countries does not improve ... If an Iraqi oil disaster occurs — especially if production allocated for export is halted — oil prices will easily hit an average ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 9:15:50 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
EIA: Tight Oil Stabilizes Brent Crude Prices
Rigzone - 8/29/2014 4:33:44 PM
World events that threatened global oil production and distribution are scarcely having ... However, most of the growth in supply from countries outside the Organization of the Petroleum Exporting Countries (OPEC) over the past two years has come from ...
How shale oil in Texas is keeping gas prices affordable
Economic Times - 8/29/2014 9:09:55 AM
The United States now accounts for 10 percent of the world's oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to sell their oil to China and other Asian markets at steep discounts ...
OPEC holds crude production ceiling amid demand worries
Arab Times - 8/29/2014 6:46:45 AM
The Organization of Petroleum Exporting Countries (OPEC ... is aware that cutting production could raise oil prices and boost their incomes — but that this could also hurt the fragile global recovery. World oil prices steadied after Friday’s decision ...
South Texas Oil Windfall
Energy and Capital - 8/29/2014 1:20:27 PM
... technologies that will shape the future of U.S. oil production. Middle East Oil Exodus Energy and Capital editor Keith Kohl takes a closer look at why one of the world's largest oil companies is making an exodus from Middle Eastern oil fields.
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/11/2013 11:59:04 PM
Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more.
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...