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
Eni: US entered top 10 in world oil reserves in 2014
Oil & Gas Journal - 11/24/2015 5:46:08 PM
World oil production increased 2.2%, the most significant rise in the last 10 years, concentrated in countries outside of the Organization of Petroleum Exporting Countries. The US surpassed both Saudi Arabia and Russia, jumping a record 15.4% to become the ...
Iran gears up for big return to world oil markets
CNN Money - 11/24/2015 9:56:40 PM
Crews are working flat out, hoping to quadruple production ... country delegations from Europe and Asia -- often including energy CEOs in tow -- beating a path to Tehran since the interim agreement was signed July 14. Iran's reemergence as a world oil ...
Liberia: How Sime Darby & Oil Palm Production Will Help Liberia's Economy
AllAfrica - 11/24/2015 3:44:27 PM
At present, the world's largest oil palm plantation ... According to company sources, the eight ton plant is expected to start production by December 2015. This will greatly help improve the country's economy. But the thirty too plant is being set up ...
World oil prices up in Asia
The Nation - 11/25/2015 2:07:13 AM
Oil prices climbed in Asia Tuesday ahead of a key meeting of the OPEC oil cartel and a report on US commercial crude inventories to gauge demand in the world ... Countries (OPEC) on December 10 for firm announcements regarding the cartel's lofty production ...
OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Rigzone - 11/24/2015 7:47:49 PM
Their “experiment in letting prices bring adjustments to the world’s oil balance has yet to run ... after a seven-year hiatus that was triggered by the Asian country’s wilting oil production. The ceiling may be raised to 31 million barrels a day ...
SAOGE features 180 oil and gas firms from 25 countries
Yahoo News - 11/24/2015 6:47:34 AM
The 7th Saudi Arabia International Oil and Gas Exhibition 2015 (SAOGE) opened on Monday, with the participation of 180 companies from 25 countries ... in the production of such materials, he added. Al-Hussaini said: "The Arab world owns a large percentage ...
Oil crash sparks OPEC revolt against Saudis
KCCI 8 Des Moines - 11/23/2015 10:40:49 PM
The smaller countries want the cartel to hit the brakes on production to help lift depressed oil prices ... Saudi Arabia was the world's largest oil producing nation, churning out nearly twice as much crude oil as the U.S. But American output has ...
Oil prices have just bounced—here's why
CNBC - 11/23/2015 10:19:20 PM
Crude prices slumped, rebounded sharply and then lost their gains all in the space of a couple of hours Monday after Saudi Arabia — the world's largest export of petroleum — said it would cooperate with all oil producing countries to help stabilize the ...
Energy Downturn Spreads Beyond Oil Patch — Energy Journal
The Wall Street Journal - 11/24/2015 2:18:33 PM
The ripple effects of low oil prices can be seen world-wide, even in places like the Chili’s ... N.D. The biggest impact is felt in areas where production costs are highest, like shale oil, oil sands and the offshore Arctic. John Sessions, co-owner ...
Exclusive: Mexico's Pemex to refine record low level of crude oil in 2015
Reuters - 11/24/2015 12:52:39 PM
The decline is a double blow, as it means the national oil giant will likely struggle to compete in the upcoming liberalization of Mexico's retail oil sector and the country will probably ... inefficient refiners in the world. U.S. refiners next door ...
Africa’s oil, gas, mining sectors must create direct and indirect jobs to drive prosperity
en.starafrica.com - 11/24/2015 7:52:00 AM
In addition, conference participants from all over the world will analyse the potential for exploration and production of oil and gas, and investment opportunities, in Sudan and other African countries. The oil, gas and mining industries – currently ...
Oil high on Saudi remarks, emphasis on supply glut
fxnewscall.com - 11/24/2015 12:59:48 PM
The world’s biggest oil producer added that it is ready to cooperate ... and after a decision by the Organization of Petroleum Exporting Countries last year not to cut production. OPEC will meet on December 4 to review their output strategy.
Crude Oil may trade 2647-2947 range, support at 2737
Commodity Online - 11/24/2015 6:18:56 AM
The world's biggest oil producer added that it is ready to cooperate ... and after a decision by the Organization of Petroleum Exporting Countries last year not to cut production. OPEC will meet on December 4 to review their output strategy.
Why “Supply And Demand” Doesn’t Work For Oil
Counter Currents - 11/24/2015 7:09:03 AM
The higher price of oil also favorably affects the many countries that extract oil ... comes through taxes on oil production. Oil production tends to be very highly taxed, especially in parts of the world where oil extraction can be performed cheaply.
Oil Price Rebound Not Imminent, But Underway
Inside Futures - 11/24/2015 3:44:27 PM
And the countries that have thus far achieved production gains may not be able to continue ... Oilprice.com is the leading energy news site in the world, covering all aspects of news from oil and gas to renewables and energy geopolitics.