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
4 reasons OPEC will struggle to boost oil prices
CNN Money - 9/26/2016 10:37:37 AM
The country has stated clearly that it wants to reclaim its place as one of the world's top oil exporters. But Saudi Arabia won't want Iran to increase production while it is cutting back. That would mean ceding market share to its main regional rival.
Iran Plays Down Prospects of OPEC Production Deal
The Wall Street Journal - 9/26/2016 2:12:22 PM
Iran Oil Minister Bijan Zanganeh’s comments to Iranian state media came as energy ministers from across the world arrived ... the Petroleum Exporting Countries. The 14-nation cartel is considering output limits, known as a production freeze, that some ...
Cushman & Wakefield Oil and Gas Report: Impact of Lower Prices on Global Office Sector
Yahoo Finance - 9/27/2016 2:11:11 PM
Canada ranks fifth in the world in oil production, and its resource sector accounts for about 1.8 million jobs. Of the 3.9 million bpd the country produces, 97 percent is from Alberta, Manitoba and Newfoundland and Labrador. Not surprisingly, sustained low ...
Low growth estimate from WTO pulls oil prices lower
United Press International - 9/27/2016 9:53:29 AM
Ministers from major energy-producing countries are meeting for an international energy conference in Algeria amid uncertainty in the oil economy. For months, rumors have circulated that producers may freeze or cut production levels in an effort to ...
Chinese national oil companies: giants built on shaky foundations
energypost.eu - 9/26/2016 9:36:11 PM
The growth in their overseas oil production has been phenomenal ... higher than for any other country in the world. There are a number of questions that I want to address in this paper. Where did the Chinese NOCs invest? Did they overpay?
Oil ends up 3% as OPEC meets; volatility hits post-Doha high
theamericanenergynews.com - 9/26/2016 9:36:11 PM
NEW YORK/LONDON (Reuters) – Oil settled up 3 percent on Monday as the world’s largest producers gathered in Algeria ... The Organization of the Petroleum Exporting Countries and other oil producers led by Russia are meeting informally on the sidelines ...
India’s Growth Spurs Oil Demand
notalotofpeopleknowthat.wordpress.com - 9/26/2016 8:31:45 PM
The world’s second-largest country by population after China will see its economy ... fuelled by India and China. Oil production last year amounted to 91 million barrels a day, so, according to the IEA figures, we are looking at something like a 15% ...
No signal of oil freeze at house as Russia meets OPEC
worldwide-finance.net - 9/26/2016 7:13:01 PM
Five leading Russian oil companies, responsible for three quarters of output in the world ... the country’s ministries agreeing to work together to help stabilize oil markets. Days after the pact was signed Russia reported a new post-Soviet production ...
Oil prices remain steady ahead of OPEC meet to discuss curbing oversupply
Mag-Series USA - 9/26/2016 6:58:42 PM
"It's well known Opec members are facing huge revenue shortfalls and they need to agree a co-ordinated cut in production". Algeria on Sunday expressed optimism that an agreement could be reached by major oil producing countries to stabilize the world oil ...
Oil exporters focus on supply, but what of China demand?: Russell
Reuters - 9/27/2016 4:09:53 AM
But it's likely that the surging imports are a result of lower crude oil prices, rather than because of any sustained lift in actual fuel consumption in the world's second-largest ... China's crude imports and domestic production, and then subtract the ...
No OPEC Oil Freeze Likely, MLP Investor Says
Barron's - 9/26/2016 4:21:13 PM
As the world’s largest oil producers meet in Algeria ... We continue to believe a production freeze or reduction is unlikely as OPEC countries and Russia need to not only reach a compromise with each other, but also sell any deal to their constituents ...
Russian oil majors raise output of hard-to-recover crude
hellenicshippingnews.com - 9/27/2016 1:28:14 PM
But they are dwindling and production in the region is declining at 1.5 to 2 percent a year. Russia’s oilfield licenses regulator Rosnedra puts the country ... thirds of total oil reserves, and enough to cover 20 years of the world’s total oil ...
Oil Falls on Weak Demand Growth
thelakeandeswave.com - 9/14/2016 12:21:55 AM
This was compounded by increased production, as OPEC and non-OPEC countries pumped more oil. In 2017, world oil demand will grow a further 1.15 million b/d to hit a new record of 95.42 million b/d, OPEC said in its report. That followed similar sentiment ...
Analyst: Oil Will Get to $60 and Beyond Soon
ETF Daily News - 9/26/2016 6:05:36 AM
Obviously that is the view of the organization, not the member countries ... massive surge in non-OPEC production, the result of record high oil prices (10X increase over 10 years) and the determination of the rest of the world not be held hostage by ...