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
World Briefs: Sanctions hit Exxon’s Arctic plans
Pittsburgh Post-Gazette - 9/20/2014 3:28:52 AM
The drilling suspension came a few days after the latest round of sanctions by Washington and the European Union that ordered companies to cut off help to Russian oil ... the country by early today, then turn toward Taiwan and Japan. Also in the world ...
Is World Teetering On Brink of Oil Shortages?
EV World - 9/19/2014 3:18:43 PM
Oil majors operating in the country have begun evacuating ... demand for oil and putting pressure on world oil supplies. The IEA is counting on Iraq to supply about 60 percent of the growth in OPEC production in the next several years.
Lower oil production in Angola offset by growth of non-oil sector
Macauhub - 9/19/2014 5:41:53 PM
Lower oil production in Angola will have a smaller impact than expected impact on the country’s public accounts due to ... and more pessimistic than the World Bank, which expects the economy to grow by 5.4 percent. (macauhub/AO) The Helmsman ...
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 ...
Oil drops towards $97 a barrel despite talk of lower OPEC output
Economic Times - 9/19/2014 7:19:07 AM
But OPEC's secretary-general responded to the price plunge, saying he expected the cartel, which pumps around a third of the world's oil, to reduce production next year ... which could be exacerbated as the country's refineries head into a maintenance ...
Oil Heads for Weekly Gain on Speculation OPEC May Cut Production
Businessweek - 9/19/2014 6:43:19 AM
Brent and West Texas Intermediate crude headed for this month’s first weekly increases as the Organization of Petroleum Exporting Countries considers cutting ... OPEC, supplier of about 40 percent of the world’s oil, may reduce its daily quota by ...
Will the Slump in Oil ETFs Continue?
Yahoo Finance - 9/19/2014 8:48:00 PM
This might lead world oil prices to increase to $141 per barrel by ... In fact, Libya’s state-run National Oil Corp has slightly reduced production on fresh rivalry in the country. Thus, in short, slumping global demand together with rising U.S. oil ...
Libyan PM seeks to reassert authority as oil production is hit
NBC News - 9/17/2014 11:53:30 AM
BENGHAZI Libya (Reuters) - Libya's acting prime minister sought to reassert authority over his turbulent country ... Libya's oil industry since heavy clashes broke out in the capital Tripoli in July. The field closure will bring down Libya's production ...
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 3:09:55 AM
3.11 million barrels per day Overall rank in oil production rise in 2012: 7 Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production. Change in share of world oil production (1973-2012): 0.59 per cent Share ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
Those figures do not include the more expensive Orinoco oil from the country's sand deposits ... from various types of hydrocarbons in different parts of the world: Oilfields Estimated Production /source Costs ($ 2008) Mideast/N.Africa oilfields 6 ...
We live in an Energy-Centric World!
GoldSeek - 9/19/2014 2:35:46 PM
That small margin of supply over demand is considered “a world awash in oil ... Saudi Arabia would cut production in an attempt to hold prices up. A collapse of that magnitude could be destabilizing to a number of countries. If, however, the pattern ...
Column: Powered by gas
Financial Express - 9/20/2014 3:07:23 AM
SummaryIndia must step up domestic gas production which could cut the import bill ... Each time India looks to import fertilisers in large quantities, world prices shoot up. Countries such as Indonesia put in barriers to prevent Indian companies from ...
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 ...
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 ...