|Rank||Country||Oil - production (bbl/day)|
|7||United Arab Emirates||3,213,000|
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
China's Oil Production Peaks, Increased Foreign Oil Dependency Is Next
Forbes - 8/25/2016 11:54:21 PM
China’s oil production peaked last year at approximately ... So far this year, China’s oil imports have increased by 16%, while the country is poised to pass the U.S. as the world’s largest crude oil importer. The pace of the increase could slow ...
Which Countries Are Damaged Most by Low Oil Prices?
theburningplatform.com - 8/27/2016 7:19:58 PM
Russia is the world’s second-largest crude oil exporter, shipping $86.2 billion to countries outside of its borders in 2015. That’s good for 11.0% of all oil exports globally. Russia’s cost of production in 2015 was relatively low, at $17.30 per barrel.
The OPEC Oil Deal Is Coming… but Not When the Pundits Expect It
Money Morning - 8/26/2016 6:02:24 PM
The catalyst for rising oil prices is the demand in the developing world, specifically ... a target to reach pre-sanction production levels (about 4.2 million barrels a day) is becoming increasingly difficult. So far, the country has been selling out ...
Shale gas production drives world natural gas production growth
eia.gov - 8/15/2016 12:03:13 PM
Shale gas production in 2040 is projected to be 50% higher under the High Oil and Gas Resources ... than 40% of the country's total natural gas production by 2040, which would make China the second-largest shale gas producer in the world after the United ...
Saudi energy minister tempers expectations for production freeze
customstoday.com.pk - 8/27/2016 11:06:02 AM
Members of the Organisation of Petroleum Exporting Countries (OPEC ... The kingdom, the world’s largest oil exporter, started to raise production from June to meet rising seasonal domestic demand as well as higher export requirements.
Sinopec Income Slips as Oil Crash Outweighs Refining (Correct)
Bloomberg - 8/28/2016 4:02:31 AM
(Bloomberg) -- China Petroleum & Chemical Corp., the world’s biggest oil ... One of China’s so-called Big Three oil companies, Sinopec’s earnings compare with a 98 percent profit drop by rival PetroChina Co., the country’s biggest producer ...
Iran Sets Condition Under Which It Would Join OPEC Oil Production Freeze
zerohedge.com - 8/26/2016 9:48:29 AM
In the past two weeks, Iran has rejoined the OPEC production ... oil minister Bijan Zanganeh made the most explicit statement on the topic, when he laid out the conditions under which Iran would be willing to "help other oil producers stabilize the world ...
Iraq Can Crush OPEC's Oil Freeze Believers
bloomberg.com - 8/28/2016 6:54:19 AM
This time both countries ... Iran's production has risen too. It's within a whisker of pre-sanction levels, as the chart below shows. Tehran had said that it wouldn't contemplate a freeze until recovering all that output. NOTE: Sanctions on oil exports ...
Iraq says still set on expanding oil output to gain market share
Reuters - 8/27/2016 1:11:54 AM
Iraq's production currently stands at ... DUBAI Iran will help other oil producers stabilize the world market so long as fellow OPEC members recognize its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead ...
Iran, Venezuela sign 6 cooperation deals
Press TV - 8/28/2016 8:48:51 AM
Venezuela and Iran agree to increase economic cooperation, signing agreements between the two countries’ central banks and announcing ... to persuade Iran into joining a Russian plan for oil production freeze on which they did not agree because of ...
Oil prices fall as hopes of production freeze fade
Business Recorder - 8/25/2016 5:20:39 PM
Oil prices rose more than 20 percent in the first three weeks of August on talk of a potential deal by oil exporters to freeze production levels to try to support prices. Members of the Organization of the Petroleum Exporting Countries will meet on the ...
Trump Will Liberate America’s World Leading Energy Producers
The American Spectator - 8/26/2016 12:22:59 AM
This is the fourth in a multi-part series on those desperately needed changes, this one focusing on deregulation to liberate America’s energy producers to lead the world in production of oil, natural ... rate in the country. According to the Energy ...
Saudi energy minister: Oil market ‘moving in the right direction’
gulfbusiness.com - 8/28/2016 4:52:37 AM
Members of the Organization of Petroleum Exporting Countries (OPEC ... The kingdom, the world’s largest oil exporter, started to raise production from June to meet rising seasonal domestic demand as well as higher export requirements.
Market Currents: Further signs of life in the oil patch
Fuel Fix - 8/26/2016 2:49:08 PM
The North African nation of Chad exports the majority of its oil production, with an average ... Doba exports have made it to thirteen different countries across various different continents. The U.S. is the world’s largest consumer of oil, and is ...
This could put a cap on the rebound in oil prices
Yahoo Finance - 8/26/2016 11:35:52 AM
Asked about the possibility of an agreement on freezing production levels ... Iran's Oil Minister Bijan Namdar Zanganeh was quoted saying the country would help other oil producers stabilize the world market so long as fellow OPEC members recognize ...