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
Saudi Arabia News: Foreigners Leaving Country Over Low Oil Prices And High Taxes
International Business Times - 2/24/2017 3:16:40 PM
Foreigners have begun an exodus from Saudi Arabia as the oil ... around the world including the West and South Asia. A drop in oil prices and production cuts mandated by a recent deal among members of the Organization of Petroleum Exporting Countries ...
Russia Is Now The World’s Top Crude Oil Producer – Not Saudi Arabia
trueactivist.com - 2/23/2017 6:35:18 AM
By: RT Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million ...
Oil prices to average $50-$70 through 2022: Report
Arab News - 2/26/2017 2:24:11 PM
Yet oil prices have recovered mostly thanks to the Organization of the Petroleum Exporting Countries (OPEC) and key non-OPEC players putting an end to a two-year price war and agreeing to cut production ... around the world. However, the back-end of ...
Crude Oil: OPEC, Russia And Allies Together Cut Production In January By 86%
fxnewscall.com - 2/24/2017 9:57:32 PM
The level of compliance with crude oil production cuts of OPEC and countries outside the cartel ... According to Goldman Sachs analysts, the world’s crude oil reserves will continue to decline... Gold bulls behave as if they do not believe in the ...
The World's Biggest IPO Is Coming: What You Should Know About Aramco
Forbes - 2/26/2017 12:55:18 AM
This includes vast oil exploration, production operations (onshore and offshore ... because it controls the largest easily recoverable most oil reserves of any country in the world. However, Saudi Arabia owns Aramco, so their interests run parallel.
Reports confirm compliance to oil supply constraining OPEC deal
thedollarbusiness.com - 2/22/2017 11:58:37 AM
Especially because US production and export of oil has been on the rise, it is said that the Middle-Eastern nations no longer have a monopoly over the world oil economy. In fact, it was fears of emerging shale gas discoveries in US that forced countries ...
Innovative new world map ranks the countries according to toxicity level
hexapolis.com - 2/23/2017 11:53:15 PM
Topping the list as the world’s most toxic country is Saudi Arabia, which might not come as a surprise as it has the highest air pollution levels anywhere in the world. According to the report, its oil-rich neighbors, including Kuwait, Bahrain ...
Oil & Gas Kenya 2017: Shaping the Market of One of the World’s Cheapest Oil Producers
PR.com - 2/24/2017 3:09:31 PM
This puts oil production in Kenya among the cheapest in the world, beating those of major regional exporters ... this translates to huge profit margins for oil firms in the country. This also highlights the good returns on investment on offer in Kenya ...
This Is the World’s New Top Producer of Crude Oil
FORTUNE - 2/21/2017 5:18:56 AM
Saudi Arabia has once again been overtaken in December as the world's top crude oil ... This is the first time Russian oil production has overtaken that of Saudi Arabia since last March, according to Bloomberg. Both countries saw their output down from ...
Oil prices up but gains pared after 7th straight stock build
Reuters - 2/23/2017 12:04:35 PM
NEW YORK Oil prices rose but gains were pared ... since the Organization of the Petroleum Exporting Countries and other exporters agreed to cut output. OPEC and producers including Russia aim to cut production by around 1.8 million barrels per day (bpd ...
Chinese Import Data Suggests OPEC Is Lying About A Production Cut
zerohedge.com - 2/24/2017 1:26:19 AM
the world’s largest oil importer. In fact, quite the contrary: crude oil shipments from the 11 OPEC nations committed to a 1.2mbd output cut increased by 28% yoy, and more importantly, rose 4% from December 2016 - in a time when production was supposed ...
Rosneft Expands in Middle East With Libya and Iraq Oil Deals
Bloomberg - 2/21/2017 8:56:40 PM
The Russian company announced on the same day it will buy Kurdish oil until 2019 and will study exploration and production ... Arab countries, reviving political, arms-trading and energy relationships. Russia, which overtook Saudi Arabia as the world ...
US turns into 'oil nation' with record exports
m.moneycontrol.com - 2/24/2017 7:02:45 AM
The Oil Producing and Export Countries and non-OPEC producers, like Russia, agreed to cut about 1.8 million barrels a day from the world market in an effort to stabilize oil prices. This is in contrast to a previous failed strategy to let the market set ...
North American Oil Independence
Seeking Alpha - 2/24/2017 11:56:14 AM
Imports from Canada and Mexico exceeded net oil imports. Crude oil exports rising ... The U.S. has become the third largest petroleum exporting country in the world and is not a party to OPEC's cutback. U.S. crude imports from OPEC, in total, and Saudi ...
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
thewashingtonstandard.com - 2/22/2017 4:23:28 PM
(RT) Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time. Russia produced 10.49 million barrels per ...