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
EIA's June 2022 Oil Production Outlooks
Seeking Alpha - 6/27/2022 9:01:00 AM
STEO has revised downward its projected US oil output from May 2022 to Q3-23. The DPR is projecting that oil output for July 2022 will increase by 143 kb/d to 8,900 kb/d.
Russia is reaping bumper revenue from oil and gas sales — but Iran and Venezuela should serve as cautionary tales for Moscow's energy industry
Business Insider on MSN.com - 7/6/2022 12:45:00 AM
Iranian and Venezuelan oil production went into freefall and their energy industries slid into decline due to underinvestment on the back of sanctions.
World crude oil production increased in 2021 by 0.52 m b/d on 2020: OPEC
Kazinform - 6/29/2022 11:17:00 AM
KAZINFORM The total world crude oil production increased in 2021 by 0.52 million barrels/day (m b/d) or 0.8 percent, as compared to 2020, for an average of 69.64m b/d, according to the Annual Statistical Bulletin (ASB),
Yes, on average oil production is higher under the Biden administration, but context is needed
WUSA9 - 7/5/2022 3:35:00 PM
Oil production has reached on average 11.2 million barrels per day during the Biden administration, according to 14 months of data.
Biden's Gas Price Problem Could Get Worse As Oil-Producing Country May Suddenly Take All Operations Offline
ijr.com - 6/27/2022 2:51:00 PM
President Joe Biden is throwing almost everything at the wall that he can to try to bring down gas prices in the U.S. Despite his efforts to alleviate pain at the pump, it seems he just can’t catch a break and could soon see another setback stemming from issues out of his control.
Russia's oil is in long-term decline; Ukraine war has only added to problem
UPI.com on MSN.com - 7/5/2022 12:17:41 PM
Immediately after Russia's invasion of Ukraine, world oil prices jumped above $100 per barrel, hitting $130 for Brent crude on March 8.
OPEC+ nations to boost oil production, but not enough to ease high gas prices
Oregonian - 6/30/2022 3:49:00 PM
The group agreed Thursday to an increase that will leave the world thirsty for oil as it rebounds from the COVID-19 pandemic.
OPEC is Whiffing on Oil Production Targets
The Motley Fool on MSN.com - 6/30/2022 1:00:44 AM
Tired of sky-high prices at the pump. Don't hold your breath waiting for a reprieve. On Wednesday, members of OPEC+, which includes 13 core
OPEC, allies OK boost in oil output
Arkansas Democrat-Gazette - 7/1/2022 7:34:00 AM
The OPEC oil cartel and allied producing nations decided Thursday to increase production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy.
IOCs’ Divestment: Indigenous Oil Producers Allay Fears, Invest $20bn In 10 Years
LEADERSHIP Newspaper - 7/6/2022 2:21:00 AM
The Independent Petroleum Producers Group (IPPG), has allayed concerns over the ongoing divestment of assets by International Oil Companies (IOCs).
