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
World Oil Production
Seeking Alpha - 3/30/2017 5:39:29 AM
The BP Statistical Review of World Energy has oil production data by country up to the end of 2015. This is what that looks like from 1988: The United States increased production by 5.1 million barrels per day from 2010 to 2015. The increase in production ...
This Is How Many Barrels of Oil the 13 OPEC Countries Produced Last Month
Pantagraph - 3/24/2017 6:43:52 AM
and how the different OPEC countries are affected by oil prices. OPEC's oil production and how it compares to the rest of the world According to the U.S. Energy Information Administration, 96 different countries produce crude oil, with estimates ranging ...
Is OPEC Losing Its Ability To Influence Oil Prices?
econintersect.com - 3/27/2017 12:52:32 PM
The Organization for Petroleum Exporting Countries (OPEC) has exerted a great deal of control over world-wide oil production and prices since 1960.1 The figure below shows the percentage of oil production by country for 2015. OPEC member nations made up 42 ...
United Arab Emirates Energy Profile: Among World’s 10 Largest Oil Producers – Analysis
Eurasia Review - 3/29/2017 6:33:45 PM
1 Nonetheless, UAE’s crude oil and other petroleum liquids production has grown over the same period. In addition to the country’s large hydrocarbon economy, the UAE is becoming one of the world’s most important financial centers and a major trading ...
OPEC urges members to uphold oil production cuts
Market Watch - 3/26/2017 7:02:58 AM
We assured ourselves — and the world — that we would.” Oil prices rose 20% initially after OPEC’s production-cut deal was announced Nov. 30 and those gains were sustained when 11 countries outside the cartel, including Russia, the world’s largest ...
How the OPEC Production Cut Turned Out for Crude Tankers
Market Realist - 3/30/2017 12:13:11 PM
Among the OPEC countries, oil output in Nigeria rose, while production in Saudi Arabia ... output by almost 1.8 million barrels per day in the first half of the year. The world oil supply fell 0.21 MMbpd in February to average 95.9 MMbpd.
Country With The World’s Largest Oil Reserves Runs Out Of Gasoline
fromthetrenchesworldreport.com - 3/30/2017 10:32:58 AM
While fuel supplies in the country with the world’s largest proven oil reserves ... “It’s unbelievable that this is happening in an oil producing country.” It gets better. While PDVSA was “suddenly” unable to keep the domestic market ...
OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months
zerohedge.com - 3/26/2017 8:00:14 AM
ramping up production where possible, using their own domestic resources or incentivizing higher activity from the international oil companies through more attractive contract structures and tax regimes. In the rest of the world, projects and countries ...
Can OPEC still control the oil market?
Al JAZEERA - 3/27/2017 7:26:14 PM
The discussion was held in Kuwait, but its outcome could affect the entire world. Oil producing countries are considering further cuts in output to try and force prices higher. Ministers from both OPEC and non-OPEC countries met in Kuwait City on Sunday to ...
Peak Oil: Not Just Wrong but Invalid
peakoil.com - 3/30/2017 12:53:09 AM
As mentioned, few countries exhibit a bell-curve shaped production trend ... an inevitable result that Deffeyes used to predict world oil production would peak in November 2005. Obviously, the very structure of this “equation” means that any data ...
Russia quietly cutting oil output while looking at broader prospects – Energy Minister
RT - 3/30/2017 2:57:49 PM
Moscow is fully complying with the deal to cap oil production, while accurately evaluating ... with oil reserves and oil product reserves in the OECD countries and the countries in the world as a whole,” said the energy minister.
Oil prices higher as OPEC grapples with oversupply OPEC, non-OPEC to look at extending oil-output cut by six months Oil hits three-week highs as OPEC deal extension seen likely OPEC, non-OPEC committee recommends extending oil output cut by six months
NASDAQ - 3/30/2017 9:28:33 AM
[nL5N1H74EB] The Organization of the Petroleum Exporting Countries has agreed to reduce its oil production by 1.2 million bpd during ... the oil market because inventories in many parts of the world are at or near record highs. U.S. crude stocks
gdnonline.com - 3/27/2017 6:11:40 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said.
Finance Yahoo - 3/30/2017 6:54:03 PM
Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting ... oil market because inventories in many parts of the world are at, or near record highs and as U.S. production rises. OPEC agreed to reduce oil production by ...
Channel News Asia - 3/26/2017 11:49:18 AM
OPEC and rival oil-producing countries were meeting in Kuwait to review progress ... We assured ourselves and the world that we would reach our adjustment to 100 percent conformity," Marzouq said. (Reporting by Rania El Gamal, Vladimir Soldatkin, Ahmed ...
OPEC, non-OPEC to look at extending oil-output cut by six months
Oil hits three-week highs as OPEC deal extension seen likely
OPEC, non-OPEC committee recommends extending oil output cut by six months