|Rank||Country||Oil - production (bbl/day)|
|8||United Arab Emirates||3,216,000|
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
BP said it will cut oil production 40% and the stock market didn’t blink
Quartz - 8/5/2020 5:03:00 PM
One of the world’s largest oil companies just announced it would cut 40% of its oil production. During an investor presentation on Aug. 4, BP announced it would roll out the dramatic cuts over the next decade,
BP to reduce oil, gas production by 40% to focus on clean energy
Inhabitat - 8/7/2020 5:43:00 PM
BP has announced a plan to cut its fossil fuel production by 1 million barrels of oil per day by 2030, instead investing more money into renewable energy.
Oil-producing nations struggling with economic woes as society shifts towards electric movement
Robotics & Automation News - 8/4/2020 9:30:00 AM
Oil-producing nations located in the Middle East and North Africa are struggling with their economies, most of which are not diversified enough to offset the losses caused by falls in the price of
OPEC+ plans to pump more crude into a precarious global oil market
World Oil - 7/31/2020 12:57:00 PM
In Asia, countries that successfully suppressed the first wave of infections, such as Hong Kong, are struggling to contain new outbreaks. All of which is keeping inventories bloated. The world’s largest independent oil storage company, Rotterdam-based ...
Oil-producing countries strike deal to increase production
MSN - 7/16/2020 3:42:00 PM
A coalition of oil-rich nations has ... of the Petroleum Exporting Countries (OPEC) and other Russia-led allies agreed late Wednesday to increase production by 1.6 million barrels a day, easing ...
The Middle Eastern Influence On The World Oil Market
Hellenic Shipping News Worldwide - 7/27/2020 3:33:00 PM
For decades, Saudi Arabia has been at the center of the global oil market, both as part of OPEC and as an individual country. Others have argued that Saudi Arabia has played the role of a swing producer,
After brutal slide in state’s upstream sector, Texas Alliance looks toward market bottoming out
World Oil - 7/31/2020 12:25:00 AM
The TPI is a cyclical measure of the health and vitality of the Texas upstream oil ... production continues to decline—that prices will respond accordingly.” Asked by one media member whether he thinks the second Covid-19 wave afflicting much of the ...
Weak oil futures driving pressure on Saudis to cut prices
World Oil - 7/30/2020 12:16:00 PM
SINGAPORE (Bloomberg) --For the first time since the oil price ... While Asia led the world in the demand rebound, crude and product stockpiles remain stubbornly high and the pandemic is still surging or staging a comeback in many countries.
July ends with an oil price gain as OPEC+ plans to increase supply
World Oil - 7/31/2020 12:33:00 PM
Oil is set to end July with a gain in New York ahead of OPEC+ plans to return supply to the market after the group’s historic output cuts, while the coronavirus pandemic continued to spread across many major economies.
Oil and Gas Climate Initiative to develop online gas-flaring tracking system
World Oil - 7/28/2020 12:11:00 PM
The Global Gas Flaring Explorer platform will deliver improved monitoring, visibility and transparency in flaring volume data, and will be publicly available in early 2022. The tracking of flare volumes over time,