Russian production levels already challenge the 8m to 8.5m barrels per day (bpd) pumped by Saudi Arabia.
In July the country produced 9.8 million barrels per day (bpd), lifting total OPEC production to 30.05 million bpd.
That dropped oil sands production to an average of 202, 300 barrels per day (bpd) compared to 278, 000 bpd in 2009.
Frontier's refineries in Wyoming and Kansas produce 162, 000 barrels per day (bpd).
Immediately upon completion, the pipeline will have the capacity to carry 700, 000 barrels per day (bpd) and ultimately the ability to transport 900, 000 bpd.
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The IEA now expects oil demand in 2011 to rise by 1.3 million barrels per day (bpd), some 260, 000 bpd more than previously forecast.
Mexican oil production has experienced a precipitous decline, from a level of 3.4 million barrels per day (bpd) in 2004 to a recent 2.55 million bpd.
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Oil sands production contributed an average of 306, 600 barrels per day (bpd), which was up only slightly from 305, 300 bpd in the same quarter a year ago.
Oil Minister Sheik Saud Nasser al-Sabah said the Organisation of Petroleum Exporting Countries (Opec) will agree to increase production by 1m barrels per day (bpd) from April.
The deal agreed is for output to be increased by 708, 000 barrels to 25.4 million barrels per day (bpd) from 1 July, OPEC Secretary General Rilwanu Lukman said.
But in the short run it will have to burn more oil: at least 300, 000 barrels per day (bpd) more, according to the Centre for Global Energy Studies in London.
According to the U.S. Department of Energy and the International Energy Agency, non-OPEC output appears to have peaked in 2006 at just above 51 million barrels per day (bpd), and fell below 50 million in 2008.
The country is exporting about 470, 000 barrels per day (bpd) of oil this year down from an average of 503, 000 bpd in 2009 and has proven crude reserves of about 6 billion barrels.
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The cartel has agreed to lift its quota ceiling by 500, 000 barrels per day (bpd) immediately, to 27.5m bpd, the highest ever, and to raise it by the same amount soon if market conditions warrant.
The International Energy Agency said in a report last week that oil consumption will climb to 84.3 million barrels per day (bpd) this year--330, 000 barrels more than it forecast last month--citing stronger-than-expected economic growth in China.
The January 2005 edition of Oil and Gas Journal reported that Nigeria produced 2.5 million barrels per day (bpd) in 2004 and was expected to increase production to 3 million bpd in 2006 and 4 million bpd by 2010.
However, he contradicted that statement the next day (most likely after coming under pressure from Saudi Arabia, the leading member of OPEC), claiming that the cartel has around 1m to 1.5m barrels per day (bpd) of spare capacity that it could tap immediately.
The Gulf states of Saudi Arabia, Kuwait, Qatar and UAE were pushing to boost OPEC output by 1.5 million barrels per day to 30.3 bpd in an effort to bring down oil prices.
As a result, U.S. crude oil production was up 150, 000 barrels per day to 5.51 million bpd last year, despite downturns in Alaska and the Gulf of Mexico.
The Department of Energy estimates that U.S. petroleum demand will sag by just 200, 000 barrels per day this year, less than 1% of the 20.7 million BPD total.
From a low of 5 million barrels per day in 2008 output has shot up in a hyperbolic curve to 7 million bpd as of last week.
The company plans to boost its production by 200, 000 barrels per day, helping it achieve its goal of raising crude oil production capacity to 550, 000 bpd in 2012, the firm said.
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