|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
Venezuela In Dire Straits As Oil Production Falls Further
Oil Price - 3/23/2017 4:00:24 AM
The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more than any other country in the world, including Saudi Arabia ... The government depends on oil production for more than 90 percent of its export revenues ...
The Leading Natural Rubber Producing Countries In The World
worldatlas.com - 3/21/2017 4:27:14 PM
Rubber is produced naturally from the latex obtained from rubber trees that are cultivated widely in some countries ... world and natural rubber accounted for 44% of this production. The price of natural rubber is thus influenced by the global crude oil ...
Saudi pledges stable oil supply as market confused by data
Yahoo Finance - 3/23/2017 1:47:23 PM
On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non-OPEC states to curb production by 1.8 million bpd ... Saudi Arabia, the world's top oil exporter, has long been OPEC's only holder of significant spare capacity ...
Is the Tampico-Misantla Basin Mexico’s Next Oil Hotspot?
investingnews.com - 3/23/2017 11:12:53 PM
Mexico’s offshore basins have received much attention from oil exploration and production companies in the past, but a new report suggests that the country’s onshore basins ... Misantla Basin as one of the world’s 24 onshore “super basins ...
Russia remains world’s top oil producer in January
India - 3/21/2017 10:39:28 PM
Moscow, March 22 (IANS) Russia continued to be the world’s largest oil producer in January ... of the Petroleum Exporting Countries (OPEC) and 11 non-OPEC producers, including Russia, agreed in November 2016 to trim production by a total of 1.8 million ...
You Won't Believe What Saudi Arabia's Oil Production Cost Is
The Motley Fool - 3/19/2017 9:55:54 AM
While it's not the cheapest in the world, as several nations have production costs around $2 per barrel, it's still a fraction of the production costs of a country like Canada, which pays $11.56 to produce a barrel of oil. One reason Canada's production ...
US shale blunting OPEC hegemony on oil prices is good news for India
Hindustan Times - 3/19/2017 9:15:56 PM
Despite a successful effort to reduce oil production by the Organization of Petroleum Exporting Countries, oil prices recently fell ... This is excellent news for India, among the world’s largest importers of oil and gas. The Narendra Modi government ...
Should You Invest Your Tax Refund In Oil?
Forbes - 3/23/2017 5:33:28 AM
Statements from states that centrally manage oil production can be particularly influential ... because Russia is currently the world’s top oil producer and the country maintains close control over the industry. In particular, the oil market tends ...
Is OPEC Losing Its Ability to Influence Oil Prices?
forexfactory.com - 3/21/2017 7:33:21 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 ...
World's top LNG buyers form alliance to push for flexible contracts
Reuters - 3/23/2017 12:00:01 PM
SEOUL/TOKYO/MILAN The world's biggest ... and China National Offshore Oil Corp (CNOOC) to exchange information and "cooperate in the joint procurement of LNG." Together, the three companies purchase a third of global LNG production, giving them a strong ...
Oil Prices Continue to Fall as Glut Worries Continue
Fox Business - 3/22/2017 3:00:09 PM
Saudi Arabia, the world's largest oil exporter ... Russian news agency, Tass, earlier this week reported that the country slashed its oil production by 161,000 barrels a day as of March 19 compared with the October 2016 level, the baseline used by the ...
Venezuela: It's Only Getting Worse - Oil Markets Daily
Seeking Alpha - 3/22/2017 4:40:22 PM
For one of the largest oil producers in the world, this is not the kind of economic backdrop ... Venezuela is contractually obligated to provide certain amount of oil production to these two countries in exchange for money up front. In a report published ...
OPEC's oil production ticks down in February as Saudis shoulder most cuts
Yahoo News - 3/15/2017 2:15:22 AM
The Organization of the Petroleum Exporting Countries ... production profitable. Crude futures slid 9 percent last week after data showed another build in U.S. crude inventories. "It seems that the oil supply recovery is gathering momentum in the world ...
Russia's Lukoil backs OPEC production cut extension
United Press International - 3/16/2017 7:43:27 AM
Last week, that floor collapsed after major supply overhangs were reported in the United States, the world's leading economy. The price for Brent crude oil was around $ ... we estimate that the non-OPEC countries have cut production by 37 percent of their ...
Oil Prices Continue to Fall on Glut Worries
The Wall Street Journal - 3/22/2017 5:01:51 PM
Saudi Arabia, the world’s largest oil exporter ... Russian news agency, Tass, earlier this week reported that the country slashed its oil production by 161,000 barrels a day as of March 19 compared with the October 2016 level, the baseline used by ...