(1 tonne of crude oil converts to 7.5 barrels).

As such it will allow oil companies to release 8.9 million barrels of crude oil from mandatory stockpiles.

The six biggest Middle Eastern oil producing countries officially hold around 740 billion barrels (Gbs) of proven oil reserves.

So here you are, that the cost of all this to the world is 89 million barrels of oil, give or take a few barrels, every day.

In each of the past four years, the US imported 3.6 billion barrels of oil.

Roughly 80 of Sudan s oil production of 490,000 barrels per day is concentrated in South Sudan.

In recent months, Iraq's oil production has grown to more than two million barrels per day.

In this respect, the total oil stored in Japan in December stood at 587.4 million barrels.

Peaking in 1999, production of North Sea oil was nearly 950,000 m³ (6 million barrels) per day.

Oil and gas Oman's proved reserves of petroleum total about 5.5 billion barrels, 25th largest in the world.

Venezuela has a deal to sell Uruguay up to 40,000 barrels of oil a day under preferential terms.

Of course, during this period Venezuela produced as much corruption and political irresponsibility as it did barrels of oil.

Indeed, Petrobras is now producing 100,000 barrels a day in both Angola and Nigeria, with the oil marketed locally.

First, world crude oil production declined by 266,000 barrels per day in 2006 and 460,000 b d in 2007.

The world consumes 30 billion barrels (4.8 km³) of oil per year, with developed nations being the largest consumers.

Tarakan oil field production reached 350,000 barrels per month by early 1944, but Japan no longer had enough oil tankers to transport this volume to Japanese refineries.

In 2009, the UK produced 1.5 million barrels per day (bbl d) of oil and consumed 1.7 million bbl d.

Also they are presently executing an oil gas project in STUBB CREEK region in Akwa Ibom Southern Nigeria that is capable of producing about 10,000 barrels of oil day.

Diversification Oil is becoming increasingly irrelevant and Dubai's oil production dropped steadily from an all time high of 450,000 barrels per day in 1995 to less than 100,000 in 2005.

The US uses about 21 million barrels of oil a day, and imports about 2.5 million of it from the Persian Gulf.

In the first quarter of 2010, Saudi oil export to China has reached over 1 million barrels, exceeding exports to the USA.

Angola, which currently exports 25 of its oil production to China, was granted a 2 billion loan in exchange for a contract to supply China 10,000 barrels of oil per day.

Major oil fields Although Saudi Arabia has around 100 major oil and gas fields, over half of its oil reserves are contained in only eight giant oil fields, including the Ghawar Field, the biggest oil field in the world with an estimated 70 billion barrels of remaining reserves.

Countries like ours that are net importers of oil have to produce more in order to export more and thereby to be able to import the same number of barrels of oil.

In 2010, China imported almost half of this output, roughly 250,000 barrels per day, which accounts for about 5 of China s oil imports.

The equivalent of more than 60 million barrels of oil is consumed in coal every day, and there is no affordable green alternative.

Kuwait states that its coastal environment was damaged by millions of barrels of oil deliberately released into the Persian Gulf by Iraqi forces.

The blogger asks Who can believe this country exports 100 barrels of oil? Otopia says people waited 1 2 hours outdoors to buy milk.

Barrels, Bushels, and Bonds

First, world crude oil production declined by 266,000 barrels per day in 2006 and 460,000 b d in 2007. Meanwhile, world oil demand increased by 1.2 mb d in 2006 and 937,000 b d in 2007.

Oil production continued to expand rapidly in the ESCWA region, rising to 19 billion barrels per day, an increase of 6 per cent over its 2003 level.

Today Colombia is the third largest oil producer in South America and at the end of 2012 it was estimated Colombia was producing a million barrels a day.

As mentioned above, oil production continued to grow rapidly in the ESCWA region, expanding by 6 per cent from its 2003 level and generating 19 billion barrels per day.

According to the US Energy Department, America s annual oil imports from Africa will soon reach 770 millions barrels, bringing an estimated 200 billion to the continent over the next decade.

Oil started to flow through the pipeline in July 2003, 16 months ahead of schedule, with the flow peaking at 225,000 barrels per day by the end of that year.

Imported technologies are cheap if you convert their prices into barrels of oil, so the country produces a shortage of its own geologists and chemists, not to mention economists and lawyers.

Modest estimates put these reserves at around 30 billion barrels. Crédit Suisse and other investment banks say that 50 billion barrels are available.

We are the Saudi Arabia of nega barrels.

Had BP spilled hundreds of billions of barrels of bitumen across hundreds of square kilometers, environmentalists would rightly demand that no expense be spared to rid the dirt of every trace of oil.

Modest estimates put these reserves at around 30 billion barrels.

The United States Geological Survey has estimated that the Levant Basin, which extends across the Israeli, Cypriot, and Lebanese seabed, contains some 3.45 trillion cubic meters of recoverable natural gas and 1.7 billion barrels of oil.

According to Kuwait, approximately eleven million barrels of oil were released into Kuwaiti territorial waters, and habitat and shoreline surveys performed in the months following the invasion and occupation revealed shorelines covered in a thick coating of oil with the potential for widespread injury to marine life, shoreline habitat, and fisheries.

There were reports that some barrels exploded on contact with water.

The pipeline is expected to carry crude oil from fields in the Caspian Sea off Baku to Tbilisi in Georgia, and to the Mediterranean terminal in Ceyhan, Turkey. The pipeline has a capacity of 10 million barrels.

Furthermore, the situation in the Gulf of Mexico is worsening. Oil is not leaking at the rate of 1,000 barrels per day, as BP originally estimated, nor up to 19,000 bpd, as calculated by the Flow Rate Technical Group.