oil production


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Related to oil production: Oil consumption
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Noun1.oil production - the act of drilling a hole in the earth in the hope of producing petroleumoil production - the act of drilling a hole in the earth in the hope of producing petroleum
production - (economics) manufacturing or mining or growing something (usually in large quantities) for sale; "he introduced more efficient methods of production"
References in periodicals archive ?
Oil production for July in Azerbaijan became 778 thousand barrel, Azerbaijani Energy Ministry told APA Economics.
The lower forecast for inventory builds reflects lower expected crude oil production in OPEC+, in light of the July agreement between the 14 members of OPEC and a group of 10 major non-OPEC producers led by Russia to extend the oil production cut agreement through March 2020," the IIF explained.
Oil production in Azerbaijan amounted to 768,000 barrels per day in June, according to the Ministry of Energy of Azerbaijan.
Although Organisation of Petroleum Exporting Countries (OPEC) agreed to cut oil production as a way of shoring up prices, which plummeted again towards the end of 2018, Nigeria's inability to meet its target was due mainly to her inability to curb sabotage in the Niger Delta, ageing infrastructure and oil theft.
Summary: Rapid growth in oil production also fuels gross domestic product
Summary: New Delhi, Jan 24 (ANI): Crude oil production during December 2018 dropped 10.13 per cent below the target at 2,862.35 thousand metric tonnes (TMT) and 4.3 per cent lower in the year-on period, the government said on Thursday.
The sultanate's crude oil production, including condensates, stood at 265.46mn barrels for the first nine months of 2018.
South Sudan's Petroleum and Mining Minister Stephen Dhieu Dau (3rd R) applauds as he restarts oil production in the main oil field in Palouge, on May 5, 2013.
BAGHDAD (NINA) - OPEC member states and outside OPEC are scheduled to hold important meetings on Friday and Saturday in the Austrian capital Vienna to decide the fate of an 18-month-old agreement to cut oil production and lead to a price rise of $ 70 a barrel.
Excluding the Eagle Ford, Q1 oil production from Devon's U.S.
Muscat: The Sultanate's crude oil production, including condensates, rose by 2.4 per cent to touch 29.98 million barrels in October 2017.