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
Iran May Propose OPEC Oil-Output Cut in Saudi Meeting, Mehr Says
Bloomberg - 11/23/2014 8:10:53 AM
OPEC, supplier of about 40 percent of the world’s oil ... has prompted speculation that OPEC may decide to cut production to eliminate surplus supply. Officials from oil-producing countries stepped up diplomatic visits before the group’s meeting ...
OPEC divided on oil output before crucial meeting
Zee News - 11/23/2014 2:58:54 PM
Faced with surging US output -- crude production in the world`s biggest economy is set to hit a 45-year high of 9.5 million barrels a day in 2015 -- Venezuela has called for a meeting of OPEC and non-OPEC countries to address the slide in oil prices.
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
IEA’s World Energy Outlook 2014
Canada Free Press - 11/22/2014 1:45:31 AM
For each barrel of oil that the OECD countries no longer demand ... China, India, Indonesia, and Australia make up over 70 percent of the world’s coal production by 2040. India’s power minister, Mr. Goyal, promised to double India’s use of domestic ...
Oil traders increase bets on OPEC action
CNBC - 11/21/2014 4:48:39 PM
The surge in U.S. oil production has added more crude to world markets at a time when demand growth has ... "I think the Saudi position is different than the other countries because what they want to do is defend their market share," he said, noting ...
Oil’s retreat unlikely to stop
Dawn - 11/23/2014 7:42:15 AM
“It is increasingly clear that we have begun a new chapter in the history of oil markets,” the IEA stated in its November oil market report, observing that the world ... (some) countries of “trying to justify keeping oil production at the current ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... to make new discoveries, production costs were generally estimated at $20 a barrel (operating and capital costs). Those figures do not include the more expensive Orinoco oil from the country's sand deposits.
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 ...
Russian FM: politics must not affect oil decisions
The World - 11/21/2014 6:11:33 AM
MOSCOW (AP) — Russia's foreign minister said Friday that political issues should not influence decisions on global oil production, even as the country's economy takes a hit from falling oil prices. Russia is weighing how to respond to this year's 30 ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth in 2012 (+14%), whereas ...
US oil production surge to break Saudi Arabia's grip on world energy
Daily Telegraph - 11/7/2014 8:51:20 AM
The report comes as Saudi Arabia - the world's largest oil exporter - appears willing ... oversupply and uncertainty over the future production policies of the Organisation of Petroleum Exporting Countries (Opec). The group of 12 mainly Middle East petro ...
World Depends on Two Countries for Increase in Oil Production
Oil Price - 11/12/2013 11:22:05 PM
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Falling inflation a worry for Europe but also the world
Economic Times - 11/23/2014 3:20:22 PM
But rapidly-increasing US oil production, coinciding with shaky demand from China and Europe, is likely to keep a lid on the price no matter what the Organisation of Petroleum Exporting Countries (OPEC) decides. The latest Reuters poll suggests euro zone ...
Top 5 Oil-Producing Countries In 2011
Investopedia - 3/22/2011 11:58:11 PM
However, some have commented that current price rise may be an overreaction, since Libya produces only about 2% of the world's oil per day. While that is not an insignificant amount, other large oil producing countries could potentially step up production ...
Global Economy Weekahead - Falling inflation a worry for Europe but also the world
Reuters - 11/23/2014 3:20:22 PM
[ID:nL6N0T73VG] But rapidly-increasing U.S. oil production, coinciding with shaky demand from China and Europe, is likely to keep a lid on the price no matter what the Organisation of Petroleum Exporting Countries (OPEC) decides. The latest Reuters poll ...