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
U.S. oil boom helps thwart OPEC
CNN Money - 6/19/2013 9:25:55 AM
Oil workers on a rig in Midland County, Texas ... according to a recent study by the University of Texas at San Antonio. 10 years after Saddam: Iraq's oil boom Nationwide, oil and gas contributed nearly $238 billion to the U.S. economy in ...
Stakeholders envision further drop in oil production
Vanguard - 6/18/2013 2:03:17 AM
Similarly, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, said that the union was worried and disturbed over the drop in crude oil production in the country, since the first quarter of 2013. NUPENG blamed the drop on incessant crude oil ...
Is It Time To Invest In Crude Oil?
Seeking Alpha - 6/19/2013 4:28:15 PM
In order to find out if now is the time to invest in oil, the fundamental parameters of this ... Compound Annual Growth Rate - CAGR : 2.83%. It means that new discoveries and new drilling technologies surpass the quantity of oil that has been pumped.
As U.S. production soars, oil companies eye far horizons
fuelfix.com - 6/18/2013 4:43:45 PM
“There’s no doubt countries ... from an overall production standpoint. Gulf still in play The U.S. Energy Information Administration estimates that U.S. crude oil production could climb to 10 million barrels per day by 2040 from a range ...
World Oil and Gas Industry Leaders to Assemble in Azerbaijan
Newswire Today - 6/19/2013 3:30:59 PM
The region's energy potential has resulted in increased co-operation between ... of the world’s largest organisations. The main industries in which Oliver Kinross operates are European Energy Trading, Cyber Security, Africa, Oil & Gas Exploration ...
Keystone Seen Failing to Sop Up Canada Oil Glut: Energy Markets
Businessweek - 6/18/2013 6:09:39 PM
“We are out of pipeline capacity right now,” Peter Howard, chief executive officer of the Canadian Energy Research Institute, a non-profit energy economics and environment research group in Calgary, said yesterday by telephone. If Keystone i ...
World oil prices spike on geopolitical worries
Arab Times - 6/16/2013 6:16:12 AM
LONDON, June 15, (AFP): World oil prices finished on a high note on ... with Syria and Libya at the fore,” added Hornby. “Libyan oil production is beginning to suffer amid protests in the country that have already closed two export terminals and ...
Top industry lobbyist says US oil and gas production could grow even more
fuelfix.com - 6/18/2013 4:36:36 PM
American Petroleum Institute chief Jack Gerard said Tuesday that U.S. gas prices and the unemployment rate would be higher if not for the tremendous growth in oil production in America over the last few years. Gerard asserted during a meeting ...
Global oil production hits new record in 2012
The Business Journal - 6/19/2013 3:23:50 PM
The rise in North American production was largely from U.S. shale plays including South Texas’ Eagle Ford ... Even so, the Middle East held onto its position as the world’s top producer of oil. The region yielded 24.1 million barrels ...
Food Use Seen by Oil World Driving Cooking Oils as Biofuels Slow
Bloomberg - 6/18/2013 1:23:19 PM
Food use will drive demand for vegetable oils and fats in 2012-13 as the world population grows and per-capita consumption rises, while biofuel use will increase at the slowest pace in a decade, Oil World forecast. Total use of 17 oils and fats ...
Iraq excludes Kurds from ambitious 2014 oil output target
CNBC - 6/18/2013 5:33:52 PM
High-level committee formed to settle Baghdad-Kurd oil row LONDON, June 18 (Reuters ... Shell's vice president and country chairman for Iraq. The three production scenarios outlined in Iraq's "Integrated National Energy Strategy" included output from ...
Forty percent of fishmeal and oil production is IFFO RS certified
fishupdate.com - 6/19/2013 7:38:32 AM
“Overall 103 plants in 10 countries are now IFFO RS certified, amounting to 40% of world combined fishmeal and fish oil production and 70% of that produced by IFFO members,” says Francisco Aldon Head of Standards at IFFO. “More factories are in the ...
Additional Iranian Oil Sanctions Could Totally Backfire
The Business Insider - 6/18/2013 5:48:11 PM
... to total cut-off,” an obvious question we should be asking ourselves is whether it makes sense to handicap world oil production by close to 2.5 million barrels relative to 2011, or close to 1.5 million barrels relative to May 2013. Oil prices have ...
Another New Oil Production Record For North Dakota In April
Seeking Alpha - 6/17/2013 5:56:32 PM
There were 16 North Dakota counties with jobless rates at or below 3.0% in April, and three counties (Williams, Slope, and Billings) at the center of the Bakken oil field had jobless rates below 1% in April. The extraordinary growth in North Dakota oil ...
Just How Expensive Is Shale Oil?
Daily Finance - 6/15/2013 3:28:34 PM
Implications for big oil That's bad news for the world's largest ... of 0.2 million barrels per day. With unconventional sources of oil expected to account for a much larger share of total production over the next several years, energy companies will ...