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, 2019See also: Oil - production map
PetroVietnam to invest in renewables amid shrinking crude oil production
Reuters - 7/8/2020 3:29:00 PM
Vietnam's state oil firm PetroVietnam is seeking to venture into renewable energy sources like wind farms and floating solar panels, as domestic crude oil production has peaked at most of its offshore oil fields.
Venezuela’s Oil Production Continues To Plummet
YAHOO! - 7/1/2020 4:53:00 PM
Venezuela’s crude oil production tumbled by nearly 200,000 bpd in June compared to May, to just 422,400 bpd on June 28, as Venezuela struggles to place its oil on the market due to the U.S. sanctions
Coronavirus: Top oil producing countries to meet Saturday to discuss output cuts
The News International on MSN.com - 6/27/2020 12:00:00 AM
Top oil producing countries have decided to meet Saturday via video conference instead of next week, a source close to OPEC said Friday, to assess their current agreement on output cuts amid the coronavirus crisis.
Libyan oil output could resume on U.S.-backed negotiations
World Oil - 6/30/2020 12:15:00 PM
Tribes in eastern Libya backed the resumption of oil production from their region, shortly after the state energy company said negotiations between the U.S. and regional governments could lead to a restart of exports from the war-battered OPEC member.
Iran cuts oil production and storage is nearly full amid pandemic, US sanctions
Al-Monitor - 7/8/2020 5:18:00 AM
Reuters reported that Iran's onshore storage facilities are nearly full while production is at its lowest point since the Iran-Iraq war.
Cash-strapped Pemex seeks to defer key contractor payments to 2021
World Oil - 7/7/2020 2:23:00 PM
Three contractors that are being asked to defer payment are waiting on $115 million in payouts, according to sources, but the amount owed to companies across Pemex’s supply chain could easily total billions of dollars.
Norway sets oil export records as OPEC+ cuts leave a void in the market
World Oil - 6/29/2020 12:40:00 PM
As OPEC and its allies make their deepest cuts yet to crude production, Norway’s giant Johan Sverdrup oil field is exporting more than ever before.
Russia throttles key Urals crude exports to meet OPEC+ agreements
World Oil - 6/27/2020 4:03:00 PM
Russia’s exports of its flagship Urals crude oil grade are set to plunge next month, underscoring the nation’s commitment to helping OPEC and allied producers to avert a global glut.
Saudi prince phones Nigeria to bring them in line with OPEC+ cuts
World Oil - 6/30/2020 12:28:00 PM
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolstering global crude markets.
Uganda’s second licensing round set to close in September
World Oil - 6/27/2020 4:27:00 PM
The acreages on offer have become more attractive since Tullow Oil announced the sale of its entire stake in the Lake Albert Development Project earlier this year to Total. The agreement puts an end to a long-standing capital gains tax dispute with Ugandan authorities,