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
IHS Markit sees forced oil production cuts of 10MMbpd ahead
World Oil - 3/31/2020 1:01:00 PM
Storage limitations point to a forced 10 MMbpd cut in world oil production. Under current assumptions ... The aftermath of the extreme, light-speed rebalancing of the oil market will result in significant changes in some countries production levels, especially in 2021. Assuming global oil demand returns to growth in 2021 Saudi Arabia and ...
GLOBAL MARKETS-Stocks jump on virus hopes, oil hit by OPEC+ delay
Nasdaq - 4/6/2020 1:48:00 PM
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again.
Oil-producing nations still in troubled waters as Russia refuses to cut supply
Independent.ie - 3/9/2020 2:35:00 AM
Friday's gathering of oil ministers from the Organisation of the Petroleum Exporting Countries (Opec ... which controls almost half of the world's oil production, has been an uneasy partnership ...
Saudi Arabia, Russia raise stakes in oil production standoff
Reuters - 3/11/2020 12:30:00 AM
Saudi Arabia has been pumping around 9.7 million bpd in the past few months, but has extra production ... drop in oil prices would hit the sovereign ratings of those exporting countries with ...
Oil producing countries eye production cuts
NHK - 3/5/2020 1:58:00 AM
The world's major oil-producing countries are considering cuts to production as the spread of the coronavirus weighs on demand. International crude prices have plunged more than 20 percent since ...
OPEC, Allies Fail To Reach Deal On Oil Production Cuts
International Business Times - 3/6/2020 8:58:00 PM
OPEC and its allies failed to reach a deal on oil production ... "Regarding cuts in production, given today's decision, from April 1, no one -- neither OPEC countries nor OPEC+ countries ...
OPEC seeks 1.5% global oil production cut
News.com.au - 3/6/2020 2:55:00 AM
as the world economy suffers from the effects of the coronavirus outbreak, the OPEC oil cartel has proposed in Vienna. However, the Organisation of the Petroleum Exporting Countries has yet to win ...
OPEC will slash oil production — if Russia does, too
Washington Post - 3/5/2020 3:28:00 PM
As the spreading Covid-19 epidemic takes its toll on the global economy, OPEC member nations on Thursday agreed to make further steep cuts in oil production — but only if Russia, a nonmember ...
OPEC Proposes Massive Oil Production Cuts... But the Deal Depends on Russia
The Motley Fool - 3/5/2020 7:29:00 PM
which controls more than one-third of the world's oil, has now agreed on a massive 1.5 million barrel production cut. Unlike the reaction to the Saudi proposal, which sent crude oil prices up more ...
OPEC: Russia rejects cut in oil production despite coronavirus impact on prices
Deutsche Welle - 3/6/2020 7:20:00 PM
OPEC countries failed to reach a deal as fellow key exporter Russia refused to agree to a cut in production ... of crude oil caused by the coronavirus outbreak's disruption to world business.