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
UPDATE 3-Oil jumps 3 percent to $63 as energy firms slash investments
Reuters - 12/18/2014 4:45:15 PM
LONDON, Dec 18 (Reuters) - Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production. Oil this week slumped ...
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.
Oil Producers Must Accept Darwinian Logic
Forbes - 12/17/2014 1:47:29 PM
Futures and options contracts of major oil benchmarks for the first month 2015 ... wondering if the Saudis – hitherto considered the world’s swing producers – are not cutting production just to make them bleed financially. Meanwhile, Middle Eastern ...
Weakness, shale and Saudi Arabia's strategy behind the upheaval in oil
Forex Street - 12/18/2014 8:45:39 AM
also representing 40% of all the gas produced in the country. According to the IEA, the United States would become the world's leading oil producer before 2020, ahead of Saudi Arabia and would even take the place of Russia in terms of gas production ...
Winners And Losers From The Oil Price Plunge
Sky News HD - 12/17/2014 1:47:29 PM
The United States is a winner too, where shale-oil production is at its highest levels ... and economists say every dollar drop in the oil price costs the country $700m. :: Saudi Arabia is the world's largest oil exporter and the most influential member ...
How Crude Oil’s Global Collapse Unfolded
Yale Global Online - 12/17/2014 2:59:04 PM
By July of this year, oil ... production when prices rise. Many OPEC members, reliant on the cash oil brings in to pay for generous social programs, didn’t want to cut. Saudi Arabia’s powerful oil minister, Ali al-Naimi, was silent for weeks. The ...
Rumaila to Increase Production by 50 Percent by the End of the Decade
euro-petrole.com - 12/17/2014 4:10:39 PM
BP is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing.
Can The US Shale Industry Survive Crude Oil Prices Below $50?
bidnessetc.com - 12/17/2014 2:48:55 AM
The US aims at reducing its dependability on the Organization of Petroleum Exporting Countries (OPEC) by producing its own oil. Despite constant pressure from the US to cut oil production, Saudi Arabia, the largest crude oil producer in the world and the ...
Iran's Chief of Staff: S. Arabia Serving Western States by Surplus Production
Fars News Agency - 12/17/2014 2:37:36 PM
"By increasing oil production, Saudi Arabia assured the ... not forget these plots and betrayals against the Muslim world, Rouhani said, "Certainly, people will react to such schemes and the countries which have hatched this plot should know that they ...
Devaluation: Manufacturers lament high cost of production
The Sun - 12/17/2014 10:30:02 PM
Still reeling under the yoke of recent government’s devaluation of the naira, occasioned by the crash in the price of crude oil in the ... signals around the world, the devaluation of the naira is impacting negatively on cost of production, with ...
FACTBOX-Oil production cost estimates by country
Reuters - 7/28/2009 5:19:37 AM
July 28 (Reuters) - The cost of pumping ... other individual countries, obtained from traders and industry analysts. It also gives the International Energy Agency's more general assessment of costs for the oil-producing regions of the world.
20 countries seeing biggest increase in oil production
Rediff India Abroad - 11/8/2013 6:23:12 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 ...
As the OPEC refutes manipulation claims and the US production surges, oil prices to stay low
Inautonews - 12/17/2014 10:58:40 PM
Meanwhile, in the US, the ongoing expanses in the production of shale oil have made the country the second-largest oil producer in the world and although the extraction method is more expensive than most others, production across America is expected to ...
$60: Not A Reasonable Price For Oil
Seeking Alpha - 12/17/2014 5:00:46 PM
"10 Dec 2014 Reuters - Saudi Oil Minister Ali al-Naimi on Wednesday shrugged off suggestions that the world's biggest crude ... It is not a permanent addition to production. So short term disruption in one of the countries listed above, exporting 2 million ...
Robust economy will shield Qatar from oil shock
The Peninsula - 12/17/2014 10:37:12 PM
The production of energy, and non-oil operations and services remain Qatar ... which is one of the richest sources of energy consumed in the world, and our state occupies the forefront of producing countries in this resource. Natural gas is considered ...