Saudi Arabia surpassed Russia in oil production

Саудовская Аравия опередила Россию по добыче нефти

Oil production

The share of oil exports in the total volume of Russian export in January-February 2018 is 29.9% and in exports of energy goods to 45.5%.

Russia lost to Saudi Arabia in first place worldwide in terms of oil production, producing an average was 9.53 million barrels of raw materials a day. It is reported by Prime with reference to the Rosstat data for February 2018 Monday, April 23.

“Russia held the lead for eleven consecutive months. Saudi Arabia in February was extracted 9,98 million barrels of oil a day in January the country produced 9,976 million barrels a day and Russia – an average of 10.53 million barrels,” – said in the message.

It is noted that the OPEC countries in February was extracted 32,19 million barrels per day. Of these, Iraq was producing 4.42 million barrels of oil.

The share of oil exports in the total volume of Russian export in January-February 2018 is 29.9% and in exports of energy goods to 45.5% (in January-February 2017, respectively, to 29.3% and 44%).

In February 2018 average actual export price for oil was 460,8 dollars per ton (100.2% of the January 2018). World market price for Urals crude oil was 461,9 USD for 1 ton (99,5% by January 2018).

Earlier, the International energy Agency, zailo that the US is preparing an “explosive” growth of oil production amid rising prices for “black gold”. It was noted that the United States vpolne can outpace both Russia and Saudi Arabia in 2018.

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