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, 2014See also: Oil - production map
China's Oil Production Declines, Beijing Scrambles For Answers
Forbes - 8/27/2016 1:40:32 AM
China’s oil production peaked last year at approximately ... So far this year, China’s oil imports have increased by 16%, while the country is poised to pass the U.S. as the world’s largest crude oil importer. The pace of the increase could slow ...
Which countries are damaged most by low oil prices?
Mining - 8/26/2016 4:29:21 PM
Russia Russia is the world’s second-largest crude oil exporter, shipping $86.2 billion to countries outside of its borders in 2015. That’s good for 11.0% of all oil exports globally. Russia’s cost of production in 2015 was relatively low, at $17.30 ...
Tullow raises Kenya’s oil export hopes with March 2017 production date
businessworldghana.com - 8/26/2016 3:07:37 AM
British oil firm Tullow on Wednesday raised Kenya’s hopes of becoming an oil exporting country after it officially announced ... Tullow Oil has this afternoon confirmed that it will start oil production in March next year,” a statement from State ...
Iran Sets Condition Under Which It Would Join OPEC Oil Production Freeze
zerohedge.com - 8/26/2016 9:48:29 AM
In the past two weeks, Iran has rejoined the OPEC production ... oil minister Bijan Zanganeh made the most explicit statement on the topic, when he laid out the conditions under which Iran would be willing to "help other oil producers stabilize the world ...
Oil Under Pressure As Saudi Arabia Downplays OPEC Deal
Oil Price - 8/26/2016 1:20:15 AM
“There’s this one corner of the world, the Permian Basin ... the necessary oil and refined product it needs to cover domestic needs, as the country’s oil production continues to fall. Oil imports fell 21 percent in the first seven months of this ...
Saudi Aramco Chart: The History of the World's Biggest Company
Money Morning - 8/25/2016 8:26:46 PM
According to the OPEC website, average world oil demand jumped 43% from 62.9 million ... last social media company to go public… Aramco's production and reserves are two of the few details the country discloses. As this Saudi Aramco chart shows, the ...
Iran Sets Out Terms to Cooperate with OPEC and Help Stabilize Oil
FORTUNE - 8/26/2016 11:00:04 AM
Iran will help other oil producers stabilize the world market so long as fellow OPEC members recognize its right to regain lost market share, the country’s oil minister ... an accord earlier this year to freeze production levels.
China oil giants unmoved by bull rally after worst earnings
worldoil.com - 8/25/2016 1:10:06 PM
PetroChina Co., the country’s biggest oil and gas company ... helping drive imports by the world’s second-biggest consumer to a record. The country’s crude production in July tumbled to the lowest since October 2011 and has slipped 5.1% in the ...
Shale gas production drives world natural gas production growth
eia.gov - 8/15/2016 12:03:13 PM
Shale gas production in 2040 is projected to be 50% higher under the High Oil and Gas Resources ... than 40% of the country's total natural gas production by 2040, which would make China the second-largest shale gas producer in the world after the United ...
Trump Will Liberate America’s World Leading Energy Producers
The American Spectator - 8/26/2016 12:22:59 AM
This is the fourth in a multi-part series on those desperately needed changes, this one focusing on deregulation to liberate America’s energy producers to lead the world in production of oil, natural ... rate in the country. According to the Energy ...
Oil prices fall as hopes of production freeze fade
Business Recorder - 8/25/2016 5:20:39 PM
Oil prices rose more than 20 percent in the first three weeks of August on talk of a potential deal by oil exporters to freeze production levels to try to support prices. Members of the Organization of the Petroleum Exporting Countries will meet on the ...
Hedge Funds Strongly Bet on Crude Oil
worldenergynews.com - 8/26/2016 8:32:44 PM
Hedge funds and other speculators raised their bullish bets on oil by the most on record fueled by speculation that Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non-OPEC producers. Money managers ...
Market Currents: Further signs of life in the oil patch
Fuel Fix - 8/26/2016 2:49:08 PM
The North African nation of Chad exports the majority of its oil production, with an average ... Doba exports have made it to thirteen different countries across various different continents. The U.S. is the world’s largest consumer of oil, and is ...
This could put a cap on the rebound in oil prices
Yahoo Finance - 8/26/2016 11:35:52 AM
Asked about the possibility of an agreement on freezing production levels ... Iran's Oil Minister Bijan Namdar Zanganeh was quoted saying the country would help other oil producers stabilize the world market so long as fellow OPEC members recognize ...
China’s Global Oil Assets Growing Rapidly
notalotofpeopleknowthat.wordpress.com - 8/26/2016 11:31:41 PM
Far from pulling back from fossil fuels, China is actively increasing development, not just at home but around the world as well ... in upstream activities in 42 countries, and half of the overseas oil production stems from the Middle East and Africa.