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, 2012See also: Oil - production map
Oil price 'too low': Saudi Aramco chief Khalid al-Falih
Economic Times - 1/27/2015 10:35:42 AM
Saudi Aramco is the world's largest oil company in terms of crude production and exports. The kingdom is the leading exporter and top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain its ...
Oil politics: Why Obama's Taj visit was cancelled due to Saudi King's death
Firstpost - 1/27/2015 9:16:57 AM
the country which was by then home to the largest oil reserves in the world. Ian Carson and V.V. Vaitheeswaran point this out in their 2007 book, Zoom—The Global Race to Fuel the Car of the Future. Car production had come to a standstill in the United ...
Vazon Energy on the changing landscape of oil and gas
worldfinance.com - 1/27/2015 2:17:36 PM
A geologist and leading businessman, he spoke to World Finance about how oil and gas exploration is changing ... developing the country’s third biggest gas producer; the first Production Sharing Contract in Georgia and the first non-state drilling ...
Oil price 'too low': Saudi Aramco chief
Channel News Asia - 1/27/2015 2:17:36 PM
... the world's largest oil company in terms of crude production and exports. The kingdom is the world's leading oil exporter and the top producer in the Organization of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain ...
Saudi firm says oil price ‘too low’
The Rakyat Post - 1/27/2015 8:12:32 AM
Falih also said American shale oil production is important for the world’s long-term energy future and Saudi ... and the top producer in the Organisation of the Petroleum Exporting Countries (OPEC). In November, the cartel decided to maintain its output ...
The Snowman Haters Who Control The World’s Oil
Daily Beast - 1/27/2015 11:11:29 AM
Oil prices ... and not reduce production to increase prices. But will King Salman be able to control the clergy as well as the petrol? The powerful and unpredictable religious establishment tied to the Saudi royal family since the country became a ...
Tunisia Becomes the World’s Second Largest Olive Oil Producer, For Now
Olive Oil Times - 1/27/2015 2:53:24 PM
Olive oil production in Tunisia has increased fourfold ... Tunisian olive oil is also exported to over 60 markets around the world including the US, Canada, France, Russia, China and a few Arab countries under as many as 80 different brand names.
Hedge Funds Bet Oil Will Fall Further
Bloomberg - 1/26/2015 8:02:23 PM
Saudi Arabia’s King Salman, the new ruler of the world’s biggest oil exporter, said he will maintain the production policy of his predecessor ... members of the Organization of Petroleum Exporting Countries exceeded their 30 million-barrel daily ...
5 reasons why oil prices won't be recovering anytime soon
Environment Energy Publishing - 1/27/2015 9:45:35 AM
When the world has plenty of oil ... Sooner or later, these countries may have to drastically reduce their oil production. But given the economic and political consequences facing them, don't be surprised if it's a last resort.
Oil gives up early gains on firm dollar, shrugs off OPEC comments
Reuters - 1/27/2015 9:38:26 AM
The Secretary-General of the Organization of the Petroleum Exporting Countries ... Oil prices have dropped nearly 60 percent since peaking in June 2014 on ample global supplies from the U.S. shale oil boom and a decision by OPEC to keep its production ...
Where's the oil price outrage? Our view
USA Today - 1/26/2015 6:57:58 PM
Since 2010, domestic crude oil production has shot up by 2 million barrels a day. Combined with biofuels and liquids made from natural gas, this surge has made the United States the world's largest producer. Few people saw this surge coming. Until recently ...
When Oil Prices Drop, Some Lose & Some Win
Inter Press Service - 1/27/2015 10:21:23 AM
Russia, a non-OPEC member, is the world’s largest oil supplier with production in excess of 10 million barrels per day or 13 percent of global crude production. The most vulnerable African countries include Nigeria, Angola, Equatorial Guinea, Gabon and ...
Domestic oil production bolsters trucking, economy
Las Vegas Review-Journal - 1/27/2015 7:58:13 AM
Every day, we pass by at least one truck delivering goods across our country. It probably barely registers ... prices and offer future predictability is to increase domestic production of oil. In fact, current low oil prices are a direct result of ...
World’s largest oil refinery adds Algenol algae demonstration project
Biofuels Digest - 1/27/2015 7:00:57 AM
India is the world’s third largest producer of CO2 and the facility’s ethanol and renewable crude oil production could help meet critical demand for energy in the country as well as help to reduce green house emissions from carbon dioxide. Algenol’s ...
Nigeria’s production down by 160,000 bpd — Alison-Madueke
Vanguard - 1/26/2015 11:37:08 PM
As regards the division among the Organisation of the Petroleum Exporting Countries, OPEC, the Minister stated that members would meet to stabilise oil price ... Saudi still controls the largest production in the world. If the price does not stabilise ...