|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
World’s top oil trader Vitol sees price stuck at $40-$60 to 2016
Businessday - 9/2/2015 11:27:57 PM
Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand, according to the world’s largest independent oil trader. The oil-production surplus ... would mean oil-producing countries and the energy industry would ...
Canada Illustrates Plight of Rich but Resource-Dependent Countries
Wall Street Journal - 9/2/2015 3:03:53 AM
Its peak production coincided with the rise in global oil prices, helping to make Norway one of the richest countries in the world.But even so, it isn’t immune to the impact of the collapse in crude oil or to an overreliance on that sector.
Exclusive: Sanctions deal will unleash Iran's oil production, official says
KSPR abc33 - 9/1/2015 3:22:22 PM
Tehran is wasting no time in planning its comeback, and is aiming to ramp up production ... our country will accept not to produce, to secure the market for others? It's not fair." Iran has the fourth biggest oil reserves in the world and is pumping ...
World Bank aims for global deal to stop oil well flaring
CNBC - 8/20/2015 11:54:42 AM
arguing that it would both cut greenhouse gas emissions and improve access to energy in low-income countries. About 140bn cubic metres of gas per year, or about 4 per cent of world production, are burnt off by the oil industry in flares. The electricity ...
Q&A: Mexico Energy Undersecretary Talks Oil Prices, Security Concerns
US News and World Report - 9/2/2015 5:01:24 PM
An oil rig operated by a subsidiary of Mexico's ... Mexico's undersecretary of hydrocarbons in the country's Ministry of Energy, sat down with U.S. News & World Report last month at the Mexican Embassy in Washington to explore some of these issues.
Why Did Oil Prices Just Jump By 27 Percent In 3 Days?
Inside Futures - 9/2/2015 4:47:05 PM
It is still highly unlikely, but the one country that might be able to change the minds of Saudi oil officials is Russia. Again, even if Russia promised to cut back oil production to boost ... energy news site in the world, covering all aspects of news ...
'No breakthrough seen at Russia-Venezuela oil meeting'
Times of India - 9/2/2015 5:58:40 PM
Russia, one of the world's top oil producers, so far has been unwilling to deliberately ... How can you imagine two countries cutting their production? Their market share will be quickly snapped up by others in that case," he said. Russian Deputy Prime ...
Iran announces plans to produce four million barrels of oil per day by 2016
topix.com - 9/3/2015 1:43:57 AM
... Bijan Zangeneh said the country will boost oil production by over 1.5 million barrels a day. Iranian oil production by the end of 2016 will be in excess of 4 million barrels per day, more than in the pre-sanctions era, the nation's oil minister said.
Venezuela announces $5 billion Chinese loan for oil sector
Economic Times - 9/2/2015 8:00:22 PM
The two countries will negotiate "joint projects in the areas of reconnecting oil wells and services associated with crude production," the socialist leader ... Venezuela, which has the world's largest proven oil reserves, has borrowed more than $50 ...
Iran’s Crude Oil Output To Impact Price After Sanctions Lift
Live Trading News - 9/1/2015 8:37:20 PM
There is no indication yet that Key OPEC producers Saudi Arabia and the Gulf countries will pare output to accommodate Iran’s increased production ... Crude Oil output would not halt the price fall but would further reduce OPEC’s share of world ...
Crude Oil Prices Fall Again Due to the Chinese Slowdown
Market Realist - 9/2/2015 9:08:57 AM
All eyes will be on the EIA’s crude oil inventory report. The global concerns about a Chinese slowdown are sending negative cues to the crude oil market. China is the second largest consumer of crude oil in the world. The latest Chinese manufacturing ...
Nigeria: drones to monitor vessels in fight against oil theft
Ghana Web - 9/2/2015 11:24:58 AM
You get calls from all parts of the world — China, America, alleging that cargoes of Nigerian crude are lying in those countries’ territories ... said Nigeria should place less emphasis on oil production and should instead consider the option of ...
Cheap Oil vs Clean Energy: A Strong Environmental Trade-Off
The Huffington Post - 9/2/2015 6:52:57 AM
leaving some countries vulnerable to supply disruptions if protestors target oil infrastructure. Potential new supply disruptions are a real possibility in a lower-than-expected price climate and present an uncertainty in the world oil supply forecast.
Commentary: Focus for oil is on inventory, jobs data
Fuel Fix - 9/2/2015 2:38:14 PM
Australia joins Canada in showing the pain experienced by commodity-rich countries; GDP data out of Canada yesterday showed that the world’s fifth-largest ... Dvorkovich as saying Russia won’t cut oil production in order to support prices.
Tankers to gain from ASEAN oil demand
ihsmaritime360.com - 9/2/2015 10:56:20 AM
Italian shipbroker Banchero Costa noted that Indonesia is the largest crude oil producer in ASEAN, accounting for about 40% of production. But falling oil ... net oil exporters in Southeast Asia, the two countries' growing domestic energy demand indicates ...