Country Comparison > Oil - production > TOP 10

RankCountryOil - production (bbl/day)
1Saudi Arabia11,730,000
2United States11,110,000
3Russia10,440,000
4China4,197,000
5Canada3,856,000
6Iran3,594,000
7United Arab Emirates3,213,000
8Iraq2,979,000
9Mexico2,936,000
10Kuwait2,797,000

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, 2014

See also: Oil - production map

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Why Declining Chinese Oil Production Is Good for Global Prices
NASDAQ - 2/10/2016 12:57:22 AM
China is among the world's top five oil producers, but its fields are growing ... The more likely impact from the slowdown in China's domestic production is that it will increase the country's demand for oil from overseas. PetroChina's state-owned parent ...

Why 16.4% Of Global Oil Production Is At Risk - Oil Prices Can Soon Reach Over $100 (Part 2)
Seeking Alpha - 2/9/2016 8:36:41 AM
depending on the scale of lost production, could affect world oil prices. Also, because Algeria is the second-largest natural gas supplier to Europe, unplanned cuts to natural gas output could affect some European countries. The collapse of Saudi Arabia is ...

IEA Warns Oil Prices Could Fall Further as Oversupply Worsens
Wall Street Journal - 2/9/2016 9:01:09 PM
according to some of the world’s top oil-market observers. The past month featured the return of Iranian oil after European sanctions were lifted and the failure of the Organization of the Petroleum Exporting Countries to agree on production levels.

Oil hovers above $28 a barrel as market braces for more supply data
Market Watch - 2/10/2016 1:04:32 AM
“There has been talk about possible production cuts by OPEC members, but it seems unlikely given that they want cooperation from all oil-producing countries in the world.” Oil prices found some support recently on speculation about possible production ...

Oil price gains capped by IEA gloom
Business Recorder - 2/9/2016 7:56:43 PM
LONDON: Oil rebounded slightly Tuesday from the previous day's ... kingpin Saudi Arabia and fellow cartel member Venezuela dashed hopes for a reduction in world production. "Hopes of coordinated production cuts appear to be dwindling after Sunday's meeting ...

Oil dips again as Saudi-Venezuelan talks make no mention of production cuts
Al Bawaba - 2/9/2016 9:55:26 AM
Crude oil prices are trading lower because inventories are building amid slowing growth in the world economy ... in response to few signs of production cuts from members of the Organization of Petroleum Exporting Countries. The price for Brent, the ...

Global oil glut set to worsen, says IEA
The Guardian - 2/9/2016 11:07:01 AM
In its monthly report, the IEA warned that the recent respite was likely to be a “false dawn” and market conditions were weaker than the agency believed when it predicted last month the world ... and other oil producing countries to cut production ...

IEA sees global oil glut worsening, OPEC deal unlikely | Reuters
Firstpost - 2/9/2016 8:25:21 PM
LONDON The world will store unwanted oil for most of 2016 ... The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low ...

IEA Forecasts Global Glut Worsening In A World Already ‘Awash With Oil’
International Business Times - 2/9/2016 6:20:41 AM
Iraq and Saudi Arabia — all members of the Organization of the Petroleum Exporting Countries (OPEC) — ramp up production. “Having peaked, at a five-year high of 1.6 million barrels per day in 2015, global oil demand growth is forecast to ease back ...

IEA Sees Further Weakness in Oil Prices as Supply Glut Persists
bidnessetc.com - 2/9/2016 1:37:20 PM
OPEC member countries collectively supply 40% of the world’s crude oil ... which saw a boost in production as a result of the shale revolution, with oil reserves in North Dakota and Texas being uncovered. Saudi Arabia’s strategy is seen by many ...

IEA warns that global oil glut is worsening
Arabian Business - 2/9/2016 5:04:55 PM
The world will store unwanted oil for most of 2016 as ... The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low as $ ...

Oil supply seen outpacing demand, capping price
Tri-County Sun Times - 2/10/2016 7:59:42 AM
The point of agreement for oil market analysts, including the IEA, is that there is a point at which demand will catch up with supply and start to eat into bulging world ... countries on energy policy. Saudi Arabia, OPEC's biggest member, also boosted ...

Nigeria: Export Earnings From Oil, Gas Drop By 50 Per Cent
AllAfrica - 2/9/2016 9:05:19 AM
there are indications that crude oil production cost may not have favoured offshore activities after all, with the plummeting fortunes of the commodityís price in the world market. With the price of Organisation of Petroleum Exporting Countries (OPEC ...

Get Ready for the Long Haul: Cheap Crude Oil Is Here to Stay
Guru Focus - 2/9/2016 5:19:14 PM
Since OPEC and non-OPEC producers are scrambling to supply as much crude oil as possible for fear of losing market share, inventories are rapidly building all over the world. In and of ... to a consensus about reducing production, we will invariably ...


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