|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 Bank ups 2016 oil price forecast but oversupply still persists
CNBC - 7/26/2016 4:08:51 PM
The institution noted oil prices jumped over a third in the second ... excess inventory was partly offset by new supply coming on-board. The World Bank said production from non-OPEC countries declined, but OPEC production rose, as Iran pumped vigorously ...
Special Report: In Venezuela's murky oil industry, the deal that went too far
Reuters - 7/26/2016 10:10:56 AM
the world's largest crude reserve. The project was designed to shore up the OPEC country's stagnating oil production and ease an economic crisis. Then, out of the blue, a tiny Colombian trucking and trading firm with no relevant experience beat global ...
World Bank Raises Oil Prices Forecast to $43
Thailand Business News - 7/26/2016 5:41:54 PM
The World Bank ... of agricultural production, movements in energy prices have been a major factor in the path of food prices, a special feature of the Commodity Markets Outlook says. Both energy and agricultural commodity exporting countries need to ...
Shell Oil Workers in North Sea Threaten to Strike
New York Times - 7/25/2016 5:50:15 PM
... stoppage by Kuwaiti oil workers sharply cut the country’s production. Oil service providers are also hoping for some relief. Paal Kibsgaard, the chief executive of Schlumberger, one of the world’s largest oilfield services companies, told analysts ...
No One Knows How Much Oil Is Being Stored Around the World
MIT Technology Review - 7/26/2016 4:48:49 AM
a large fraction of the world’s economy remains opaque. In oil-rich countries like Angola, Brazil, and Nigeria, production often defies industry watchers’ best estimates. That means global oil prices are based on a massive amount of guesswork.
Oil prices fall to 3-month lows
CNN Money - 7/26/2016 1:24:12 PM
The world still seems to have more oil than it needs -- and the epic supply ... and Canada's massive wildfire in early May. Now that production has rebounded in both places, and other countries like Libya attempt a comeback, the supply problem has re ...
World Bank Raises 2016 Oil Price Forecast
The World Bank - 7/26/2016 6:03:23 PM
Oil ... production has been an important driver of demand growth for food commodities in the past decade. “Energy exporting emerging and developing economies have struggled to adjust to persistently low prices,” said Ayhan Kose, Director of the World ...
Busting Media Myths On Peak Oil
theburningplatform.com - 7/24/2016 5:58:36 PM
That world oil production continues to eke out small gains is due entirely to production from unconventional sources not included in Hubbert’s models. But those sources have shown themselves to be exquisitely sensitive to price. In the two countries best ...
Turkey crisis: how will oil and gas supplies be affected?
THE CONVERSATION - 7/26/2016 12:05:28 PM
which is more than three times greater than the UK’s daily production. The country’s location at the mouth of the Black Sea means it plays an equally key role in the seaborne oil trade. Around 3% of the world’s oil and petroleum products pass through ...
IEA, Wood Mackenzie worry over global oil market recovery
Vanguard - 7/25/2016 11:19:32 PM
TWO influential think tanks, International Energy Agency, IEA, and Wood Mackenzie, have raised worries about the pace of recovery in the world oil market. The IEA, the oil-consuming countries ... the Middle East’s production rose last month to a ...
Singapore Becoming an Oil Tracker’s Nightmare — Energy Journal
The Wall Street Journal Blogs - 7/25/2016 6:51:41 AM
TAKE A GUESS Millions of barrels of oil are being sent to countries which ... Iran boosted its oil production after international sanctions against the nation were removed early this year as part of a nuclear deal with six world powers.
Dawn - 7/25/2016 1:43:53 AM
The world’s top crude-oil exporter, Saudi Arabia is boosting gas capacity, with major new projects meant to reduce the country’s reliance on crude ... after a gas development called Wasit started production in March. It is expected to add 20pc to ...
Pakistan's oil output drops 8% with gradual fall in reserves
The Express Tribune - 7/23/2016 7:54:19 PM
In the previous fiscal year 2014-15, the country’s oil production stood at 95,000 barrels per day ... low in the year under review due to “existing low oil prices in world markets for quite a long period now… Owing to the low oil prices it is ...
Nigeria assumes oil at $42.5, output at 2.2mn bpd for 2017
Business Recorder - 7/25/2016 3:19:56 PM
The West African country has budgeted for a record 6.06 trillion naira ($19.64 billion) of expenditure this year, of which he said 2.123 trillion naira had already been allocated. The 2016 budget, signed into law in May, assumes oil production of 2.2 ...
Oil industry vet: It’s ‘ax-sharpening time’
My West Texas - 7/25/2016 6:04:34 PM
Standing in the ballroom at Midland Country Club, Jim Gibbs looked out over a crowd that contained both oil industry veterans and those getting ... led to new drilling locations and a lot of new production from unconventional reservoirs, he said.