|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
Oil dips as OPEC, Russian output rises ahead of production cut
Reuters - 12/6/2016 4:55:43 AM
As part of the deal, OPEC said major oil producers not part of the group had agreed to cut a further 600,000 bpd of production. These countries and OPEC are due ... is not over - especially in Asia, the world's biggest consumer region - Saudi Aramco ...
Russia says OPEC, non-OPEC countries to discuss oil cuts
Yahoo Singapore Finance - 12/6/2016 11:58:03 AM
"As reality bites in a world awash with oil, producing countries will have to show some meaningful backbone on compliance, for probably the first time ever, to achieve the meaningful rally in oil prices that they so desire." Some analysts say that last ...
OPEC Reaches Deal to Limit Production, Sending Prices Soaring
New York Times - 12/1/2016 4:36:00 PM
Nigeria has pledged to increase oil production to 2.2 million barrels a day ... deal with Iran negotiated by the Obama administration and other world powers. And even if other countries do not follow Mr. Trump’s lead, persistently low oil prices could ...
OPEC Agrees To First Cut In Oil Production Since 2008
WVTF Public Radio - 11/30/2016 11:15:04 AM
"The agreement is contingent on key non-OPEC countries agreeing to also cut oil production by 600,000 ... of responsibility" for all oil-producing nations, he said, as well as the "well-being and health" of the world economy. He also said that the Russian ...
OPEC Seeks Cuts From Nations Pumping a Fifth of Oil
hellenicshippingnews.com - 12/6/2016 11:50:54 AM
OPEC has invited 14 other crude producers, who together pump about a fifth of the world’s oil, to talks this week in ... the Organization of Petroleum Exporting Countries’ agreement last week to a production cut of 1.2 million, Secretary-General ...
Oil price jumps to 16 month high after deal to cut production
Sky News HD - 12/1/2016 8:25:04 PM
The price of oil shot up to reach its highest level since July 2015 after a group of the world's leading oil-producing countries agreed a deal to cut supply. Members of OPEC, which include Saudi Arabia, Iraq and Iran, reached a consensus on Wednesday which ...
Opec’s output cut deal: a rundown of winners and losers, country by country
The National - 12/4/2016 5:05:15 AM
The world’s largest oil exchanges have also won ... following attacks on pipelines. The country’s oil minister says production is already back at 1.95 million bpd, however, this may include as much as 150,000 bpd of light oil called condensate that ...
OPEC Is Trying To Get Non-OPEC Nations To Cut Production Now
ETF Daily News - 12/5/2016 10:47:40 AM
Following last week’s landmark production cut deal among its ... wider cooperation to rebalance the oil market and drive up prices. In total, these countries produce about one-fifth of the world’s crude supply. From Bloomberg: Russia already committed ...
'India's oil demand to more than double to 10 million bpd by 2040'
Economic Times - 12/5/2016 7:58:51 PM
"This has provided a great incentive to the world's oil producers, OPEC Member Countries ... growing economies in Asia will require supplies from all producing regions. Thankfully, OPEC Member Countries will play a crucial role in fuelling this dynamic ...
Saudi Arabia Switches OPEC Tack With Eye on World’s Top IPO (3)
Bloomberg - 12/6/2016 7:04:34 AM
By promising to cut production by just 4.7 percent, the country gained an 18 percent jump in oil prices. The pain of prices below $50 had become too much for the Arab world’s largest economy. Saddled with budget deficits, the country cut spending and ...
Saudi Arabia And The Great OPEC Production Cut Hoax
Seeking Alpha - 12/5/2016 10:00:32 PM
Not only that, but other countries in the cartel are ... OPEC can continue to point to production cuts with the idea of it representing a decline in exports, while continuing to flood the world with oil. Under that scenario, Saudi Arabia has given up ...
OPEC's influence slipping in the oil world
One News Now - 12/5/2016 9:31:54 PM
"Fifty-eight percent of the world's oil production is not from OPEC and ... He argues that the more oil that is coming from the United States and other stable countries means OPEC has "less and less power" in the overall market. We moderate all reader ...
Opinion: Big Oil is in decline, and the OPEC deal can't rescue it
MSN - 12/6/2016 5:31:31 AM
In case you missed it, the agreement resolves to remove about 2% of global oil production, with the Organization of Petroleum Exporting Countries’ member states ... According to the International Energy Agency, world oil supply has expanded from 90.4 ...
Oil sector experiences shock
Ghana Web - 12/5/2016 6:54:25 PM
The decline in crude oil prices on the world market has gravely affected the country’s oil sector, which is likely to adversely affect production from the Tweneboah-Enyerra-Ntomme (TEN) fields and the Sankofa Fields, Seth Terkper, Minister of Finance ...