|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
Saudi Arabia’s oil minister says it will take time for U.S. production to recover
Market Watch - 1/17/2017 7:40:39 AM
The Organization of the Petroleum Exporting Countries and other low-cost producers decided late last year to reduce their production ... Read: Oil prices push higher after upbeat comments from Saudi energy minister However, speaking at the World Economic ...
China's Oil Collapse Is Unintentionally Helping OPEC
Bloomberg - 1/17/2017 7:15:01 PM
Brent crude, benchmark for half of the world’s oil, averaged about $45 a barrel ... output as much as expected because of high production costs, said Bernstein’s Neil Beveridge, who forecasts the country will pump 4 percent less this year.
OPEC chief 'confident' countries to meet oil production cuts
Star-Herald - 1/12/2017 11:21:20 AM
ABU DHABI, United Arab Emirates (AP) — The head of OPEC said on Thursday that he remains "confident" that the cartel and outside members will stick to an agreement to cut production ... Iraqi Oil Minister Jabar Ali al-Luaibi pledged his country would ...
U.S. oil production to rise in 2017
Oklahoma News - 1/13/2017 11:55:56 AM
The domestic forecast came less than two weeks after the agreed-to production cuts throughout much of the world were expected to begin. In an effort designed to help strengthen oil prices, the Organization of Petroleum Exporting Countries last month agreed ...
Iraq cuts oil production by 170000 barrels per day
VG Today - 1/15/2017 11:32:06 AM
The Organisation of Petroleum Exporting Countries and 11 other ... a day in an effort to end a three-year oil surplus, which sent prices spiralling and battered the economies of producing nations around the world. Brent crude prices were up by 77 cents ...
MARKET WATCH: Saudi comments lift crude oil prices on jittery world markets
Oil & Gas Journal - 1/17/2017 4:01:44 PM
Saudi Oil Minister Khalid al-Falih told reporters in UAE that he expects the world oil oversupply ... Saudi will adhere strictly to its oil production reduction commitment. The Organization of Petroleum Exporting Countries and some members outside OPEC ...
Saudi Arabia seeks £40bn renewable energy investment to turn oil-producing country into a 'solar powerhouse'
The Independent - 1/17/2017 11:44:02 AM
Saudi Arabia, one of the world’s biggest oil producers, is seeking up to $50bn (about £40.1bn) of investment in solar and wind energy, while also drawing up plans for the country’s first ... more advanced areas of the production chain,” he said.
OPEC Production Cuts: Here’s The Cheat Sheet
Yahoo Finance - 1/17/2017 12:52:38 AM
In the meantime, the world is watching closely and hanging onto every ... Saudi Arabian Energy Minister, Khalid Al-Falih, late last week confirmed that the country had reduced oil production to less than 10 million barrels a day. This is lower than the ...
Asia-Pacific oil production declining at record levels: Wood Mackenzie
cnbc.com - 1/15/2017 11:56:33 PM
Oil production in Asia-Pacific is declining at a rate not seen elsewhere in the world, with around half of losses coming ... a rebound as the Organization of the Petroleum Exporting Countries (OPEC) and other producers move to implement a supply cut ...
Venezuela's Quagmire: Oil Production Set To Decline Further
Seeking Alpha - 1/17/2017 3:18:47 PM
Venezuela relies almost exclusively on its oil production to fund the government's socialist programs, and the fall in oil prices has brought upon the country an unprecedented ... It still costs the world much more than $55/barrel to produce what's needed ...
Russia cuts oil output by 100,000 bpd in early January: industry sources
Reuters - 1/9/2017 5:05:30 AM
MOSCOW Russia cut its oil production in early January by around 100,000 ... as agreed with OPEC last month. Some other countries, including Saudi Arabia, the world's top oil exporter and biggest OPEC producer, have also reduced their output.
Saudis see no need to extend OPEC production cuts beyond six months
Canal CNC Arauca - 1/16/2017 9:39:22 PM
Proof of cuts to oil production by OPEC and non-OPEC countries ... the first such collaboration between Opec and non-Opec countries since 2001. The discrepancy between the notion that the world is drowning in oil inventories that will take years to ...
NM oil patch outlook
ABQJournal - 1/16/2017 7:06:03 AM
most local producers remain wary about the prospects for open recovery in the state’s oil patch. A recent agreement by the Organization of Petroleum Exporting Countries and other foreign producers to cut world production about 2 percent, or nearly 2 ...
New offshore oil production starts in China
United Press International - 1/13/2017 11:41:37 AM
Nearly a year-to-date, CNOOC, the country's largest producer, lowered its production forecast in ... more oil into its strategic reserves. Oil demand growth, OPEC said, was "solid-to-steady" for one of the world's leading economies A review of national ...
Oil Production Output Cut Target Missed, OPEC SG Optimistic
lasignare.com - 1/17/2017 3:08:39 AM
Non-Opec members led by Russian Federation have also agreed to cut output by 558,000 bpd, the first such collaboration between Opec and non-Opec countries since 2001. Saudi Arabia has suggested there will no extension of Opec's cuts in oil production ...