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, 2020
See also: Oil - production mapRelated News
OPEC+ considering oil output rollover for April, sources say
Reuters - 3/3/2021 2:29:00 PM
OPEC and other oil producers, a group known as OPEC+, are considering rolling over production cuts into April instead of raising output as a recovery in oil demand remains fragile due to the coronavirus crisis,
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Reuters - 3/3/2021 7:12:00 PM
Oil prices rose more than 2% on Wednesday, boosted by a huge drop in U.S. fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet this week.
Global oil companies have committed to 'net zero' emissions. It's a sham
The Guardian on MSN.com - 3/3/2021 11:33:04 AM
The United Nations campaign Race to Zero recently published a paper identifying 20 pathways to reach net zero carbon emissions. In December, the British Oil & Gas Authority published a requirement that oil and gas development be “consistent with net zero” (despite approval of new offshore permits).
India asks OPEC+ to fulfill promise of price stability - oil minister
YAHOO!Finance - 3/3/2021 8:36:00 PM
India, the world's third largest oil importer and consumer, wants major OPEC+ producers to boost output in order to fulfill their promise of stable crude markets, the nation's oil minister Dharmendra Pradhan said on Wednesday.
Oil sector charts new course amidst energy transition
cbc.ca on MSN.com - 3/3/2021 6:55:04 PM
A conversation focused on climate change and how to reduce emissions kicked off CERAWeek. Forget the "if" of the energy transition. It's here.
OPEC+ Considers Keeping Oil Cuts Unchanged Through April
YAHOO!Finance - 3/3/2021 3:48:00 PM
The OPEC+ group is considering keeping their collective oil production cuts in April, given the still-fragile global demand recovery, three OPEC+ sources told Reuters on Wednesday
Athabasca Oil Corporation Announces 2020 Year-end Results
YAHOO!Finance - 3/4/2021 1:12:00 AM
CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) -- (TSX: ATH) (“Athabasca” or the “Company”) reports its 2020 year-end results and annual reserves. In a year of unprecedented challenges, Athabasca demonstrated the exceptional resilience of its low-decline assets.
Global Oil & Gas Fracking Trailer Market 2020 Introduction, Definition, Specifications, Classification and Industry Scope by 2025
MarketWatch - 3/3/2021 3:12:00 AM
As per a new research report titled Global Oil & Gas Fracking Trailer Market Growth 2020-2025, the forenamed market delivers extensive analysis of market trends and shares. The report interrogates the rudimentary factors of the market such as market overview,
Oil prices up as producers commit to output restraint
Business Line - 2/2/2021 3:47:00 AM
Russian output increased in January but in line with the agreement on reducing production, while in Kazakhstan oil volume fell for the month. Both countries are members of the OPEC+grouping that ...
OPEC oil has advantage over U.S. shale during pandemic recovery
Reuters on MSN.com - 3/3/2021 6:15:43 AM
The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy begins to gear up again.
