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
UAE has 4% of world's oil and 3.5% of gas reserves: Energy minister
Emirates247 - 4/17/2015 5:04:36 AM
He said the current UAE oil production accounts for nearly 10 per cent of the ... noting that Abu Dhabi hosts the International Renewable Energy Agency (Irena), making the country a focus of world attention with regard to renewable energy.
WSJ: Low Prices Cool Boom in U.S. Oil Production
Wall Street Journal - 4/17/2015 10:19:34 AM
Crude production remains robust, but new data and forecasts, including one Thursday from the Organization of the Petroleum Exporting Countries, suggest the U.S. is at—or very close to—an oil-output peak ... shale “caught the world by surprise, ...
OPEC increases oil production in March; U.S. shale dropping
United Press International - 4/16/2015 7:39:05 PM
VIENNA, April 16 (UPI) --The Organization of Petroleum Exporting Countries ... thirds of 2015 oil demand growth is seen coming from China, [Indonesia, Malaysia, Philippines, Thailand] and the Middle East," according to the report. The world economic ...
Brent crude oil prices fall as OPEC production soars
Yahoo News - 4/17/2015 6:30:30 AM
The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped 810,000 barrels per day (bpd), to 30.79 million bpd which is equivalent to a third of global supply. "It seems Saudi Arabia has not had enough of low oil ...
Oil prices fall as OPEC production soars
The Business Insider - 4/16/2015 8:57:50 PM
Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (OPEC) said that its March production ...
OPEC oil output surge boosts surplus, despite higher demand
Yahoo Finance - 4/17/2015 1:22:41 AM
OPEC, which pumps a third of the world's oil, is more than filling the gap ... which advises industrialised countries, also reported a surge in OPEC production which it said could reflect a jostling for position over market share. Crude inventories ...
Brent crude oil prices drop while OPEC production surges
The Rakyat Post - 4/17/2015 3:38:42 AM
Brent crude oil prices fell over a dollar ... after The Organization of the Petroleum Exporting Countries (OPEC) said that its output surged in March, adding to a global glut. OPEC said that its March production jumped 810,000 barrels per day (bpd ...
Slight Production Declines Hide Bigger Oil Storage Issues
Seeking Alpha - 4/17/2015 5:33:14 AM
Everyone this week focused on the slight production declines that ... for exporting refined products to other countries, is still building in storage, despite the robust 92% utilization rate. We would expect oil drawdowns in this region, given a 92% ...
Countries learn lessons from dramatic slide in oil prices
cctv-america.com - 4/17/2015 1:01:13 AM
The message at the World Bank: follow countries like Norway and Malaysia by saving the profits during boom times. Some economists say consumers are benefiting from oil exporters like Saudi Arabia, who is increasing production to try to claw back market ...
Quiet diplomacy among oil producers, but production cut unlikely
Ya Libnan - 4/16/2015 12:55:15 AM
Quiet diplomacy among the world’s biggest oil producers has heated ... local (issues), the ones which relate to shale oil production, oil refining, tax changes in different countries.” Novak also met Venezuela’s Chavez in Moscow last month.
End Of US Oil Boom? Saudi Arabia Oil Output Rises To Highest In 30 Years As US Output Levels Off
International Business Times - 4/16/2015 12:58:14 PM
Saudi Arabian oil production has increased to its highest level ... The price hike is a signal that officials in the country with 16 percent of the world’s proven oil reserves believe the recent oil glut is coming to an end. Brent crude increased ...
More Thoughts on the Current Oil Market
econintersect.com - 4/17/2015 1:58:29 AM
I'm not sure exactly when and how market players started equating a 'less-than-expected oil inventory build' with a buy signal. This to me merely suggests a slowdown of crude oil production increase ... replace the U.S. as the world's largest oil consuming ...
Minister calls for establishment of Palm Oil Dev’t Board
Ghana Web - 4/17/2015 1:37:00 AM
The forum would also scrutinise the growth paths of countries such as Brazil ... According to the Food and Agriculture Organisation (FAO) world production of palm oil is expected to increase from 45 million tonnes to about 60 million tonnes by 2020.
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.
OPEC oil output surge boosts surplus, despite higher demand | Reuters
Firstpost - 4/16/2015 8:00:34 PM
LONDON (Reuters) - OPEC's oil output has surged in March ... supplies in the United States and other non-member countries. But the report also confirmed industry estimates of a surge in OPEC production in March, which jumped by 810,000 bpd led by higher ...