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
Asian dominance of world fisheries production to increase
undercurrentnews - 7/3/2015 4:12:03 PM
World fish production is projected to increase ... some growth of harvest in those few countries not subject to strict production quotas; declining oil prices and enhanced utilization of fishery production through reduced discards, waste and losses as ...
Oil Rigs Increase by 12 to 640 in First Gain This Year
Bloomberg - 7/2/2015 6:14:56 PM
It indicates that any production decline may only last for ... late last year as the Organization of Petroleum Exporting Countries, which accounts for more than a third of the world’s oil, resisted calls to curb its own supply. The 12-nation group ...
As Saudis Keep Pumping, Thirst for Domestic Oil Swells
Wall Street Journal - 7/2/2015 6:43:34 PM
... as a sign of the kingdom’s power to flood the world’s supplies. Saudi Arabia’s oil minister has said the kingdom would maintain current production levels. Other Middle Eastern countries face similar energy demands in the summer, but they have ...
US Crude Oil Pricing & Supply
Forex Street - 7/3/2015 9:24:02 AM
Looking at the chart for the USA and the next Top 5 Petroleum producing countries we can see the ... some loosening of those sanctions and more Oil supply. Saudi Arabia has the world’s largest Crude Oil production at just over 11 million barrels per ...
Oil prices fall as Greece defaults with IMF, US, OPEC production rise
Economic Times - 7/1/2015 4:14:26 PM
Analysts said rising production from the Organization of Petroleum Exporting Countries (OPEC) as well as in the United States were also weighing on prices. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated ...
Oil and Gasoline Fast Facts
ABC7 - 7/3/2015 2:43:10 AM
The following countries have the world's largest reserves of crude oil, according to the U.S. Energy Information Administration (as of 2014): Production and Consumption in the U.S.: In 2014, the United States produced about 8.7 million barrels of crude oil ...
Oil gets new cap – US Frackers add drilling rigs, profitable under $60
biznews.com - 7/3/2015 8:08:17 PM
(Bloomberg) — For the first time in almost seven months, America’s shale drillers put rigs in oil fields back to ... of Petroleum Exporting Countries. The 12-nation group, which accounts for more than a third of the world’s crude supply, has resisted ...
ONGC to cut gas production by 40%, plans pipeline repair
IN - 7/3/2015 4:26:22 PM
New Delhi: State-owned Oil and Natural Gas Corp will cut gas production from its biggest fields in the Arabian ... a move aimed at boosting defence manufacturing in the country.The Department... New Delhi: State-run MTNL today said there are no plans ...
Saudi Arabia to raise production to maximum levels, escalating oil market share battle
The Vancouver Sun - 6/20/2015 1:18:22 AM
The world’s largest oil exporter has ... Estimates vary on how high Saudi production might go. Oil Minister Ali Al-Naimi reiterated in St. Petersburg Thursday that his country has about 1.5 million to 2 million barrels of daily reserve capacity and ...
Why Oil Prices Are Plunging Once Again
The Motley Fool - 7/3/2015 12:01:31 PM
Iran produced 2.8 million barrels/day of oil last year but production has been high as 6 million barrels ... of oil and the second largest reserves of natural gas in the world, the country has the capability to increase oil supply enough to keep prices ...
Oil prices forecast to rise over next two years on demand growth
Arabian Business - 7/3/2015 9:09:43 AM
"Oversupply will ease gradually in the second half of this year, helped by stronger demand and slower production ... Exporting Countries to keep pumping close to capacity, but they see output from non-OPEC countries limited by relatively low oil prices.
Iran Oil Deal Would Boost Oilfield Services
Barron's - 7/1/2015 11:59:43 PM
Iran holds the world’s fourth-largest proved crude-oil reserves -- 158 billion barrels ... which generated the capital necessary for the country to invest and increase its production capacity. Iran produced 3.4 million barrels per day of petroleum ...
Oil slides in thin trade on rising U.S. rig count
Jamestown Sun - 7/3/2015 9:27:01 PM
The rising U.S. rig count adds to near-record production by Russia and the Organization of the Petroleum Exporting Countries, which is feeding a huge oversupply. OPEC oil supply hit a three-year high in June due to record or near-record output from Iraq ...
Will Latin America chart a different, more sustainable path for palm oil?
Public Radio International - 7/2/2015 12:45:39 PM
Indonesia and Malaysia currently produce the vast majority of the world ... countries, with Guatemala and Peru dominated by large companies. According to Dammert, two groups account for more than one-third of all oil palm areas in Peru, while production ...
Norway Increases Oil and Gas Drilling as Oil Prices Stabilize
Economy Watch - 7/1/2015 3:31:29 PM
Latest news about the state of the world economy ... that Johan Sverdrup will make up 25 percent of oil production from the Norwegian continental shelf. All of this is good news for Norway, but the country still has hurdles to overcome when it comes ...