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
US is overtaking Saudi Arabia as world’s largest petroleum producer
Ya Libnan - 9/30/2014 6:37:26 AM
... earlier this month that the kingdom was the “only country with usable spare oil production capacity”. However, even Saudi officials do not deny that the rise of the US to become the world’s largest petroleum producer – with an even greater ...
America on Track to Lead World in Oil Production
The Patriot Post - 9/30/2014 4:45:53 PM
the watchdog backed by rich countries. With US production continuing to boom, its output is set to exceed Saudi Arabia’s this month or next for the first time since 1991.” As the much of the oil producing world dissolves into chaos, this innovation ...
Oil Prices Falling On High Dollar, Weak Global Manufacturing And Surging Production
International Business Times - 9/30/2014 6:18:57 PM
Oil prices tumbled by about 3 percent Tuesday after reports that OPEC production is surging higher than ... of the Organization of the Petroleum Exporting Countries, which supplies a third of the world’s oil, rose to its highest in nearly two years ...
Texas Oil Production Skyrocketing!
1200 News Radio WOAI - 9/29/2014 2:52:33 PM
making Texas by itself one of the five biggest oil producers in the world, about on a par with production from Kuwait, and ahead of two thirds of OPEC countries in production. That figure is up by about 700,000 barrels per day from production levels in ...
Nigeria’s gas production declined by 4.2 billion cubic metres in 2013
Businessday - 10/1/2014 12:24:01 AM
Libya and Angola complete the top five. World marketed production of natural gas by country (million standard cu m) The fall in natural gas production was not unconnected with the decline in crude oil output, which experienced a decrease of 10 per cent or ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
For perspective, the second-largest increase in oil production was recorded by the United Arab Emirates with a gain of 248,000 bpd over 2012, and Canada was the only other country in the world to record an increase of more than 200,000 bpd, at 208,000 bpd ...
World economic growth to hit 3.4% in 2015 –OPEC
NATIONAL MIRROR - 9/30/2014 10:29:29 PM
The Organisation of Petroleum Exporting Countries, OPEC has put the 2015 world economic growth at 3.4 per cent ... The cartel stated that in August, OPEC crude oil production according to secondary sources increased by 231 tb/d to average 30.35 mb/d.
Africa: Nigeria, Libya Threatened As More African Countries See Oil Boom
AllAfrica - 9/30/2014 10:55:08 AM
A report by EY, a global leader in assurance, tax, transaction and advisory services released recently noted that the fortunes of other players like the Republic of the Congo which faced oil production decline, could change if the World Bank's proposed ...
Oil Prices Fall, and the Global Economy Wins
Businessweek - 9/29/2014 5:51:30 PM
This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any further. The world’s biggest crude exporter ... East will be able to weather lower prices, countries such as Brazil, Mexico, and Venezuela will be ...
Energy Journal: Theories Abound About Oil Markets
The Wall Street Journal - 9/29/2014 10:56:19 AM
Moreover, the risk for Saudi in cutting production is that other countries, including fellow OPEC members ... As a reminder, the idea is that the world’s oil production will eventually reach a limit and then decline, leaving us with ever higher ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
What Shale Gas Revolution Means for International Energy Geopolitics and New World Order?
The Huffington Post - 9/30/2014 2:44:12 PM
The US production increase is immense. Yet faltering and not coming fast enough regulation is hindering the potential and emerging markets and the rest of the world cannot yet see the price drop over oil. This keeps some countries to be able to play around ...
Nigeria’s Oil Industry Stagnates on Endless Reforms
This Day Live - 9/30/2014 1:36:47 AM
The company in 2006 started production from the world-class Erha deepwater development in ... of the PIB is hampering the inflow of investments in Nigeria’s oil and gas sector, the country is facing increasing competition from the neighbouring countries ...
Repeal The Oil Export Ban
The Heartland Institute - 9/29/2014 2:31:04 PM
Thanks mainly to the shale revolution, oil production in the U.S. hit a 28-year high ... America is an energy-rich country, the richest in the world. We need to stop acting as though we're energy poor. • Weinstein is associate director of the Maguire ...