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Saudi Arabia now world’s biggest oil producer in six years

Posted on 22 May 2012

Saudi Arabia has eclipsed Russia as the world’s biggest oil producer first time in six years after the country in the Middle East jacked up its crude output to a 31-year high in March.
As Iran, second-largest oil producer according to the Organization of Petroleum Exporting Countries (OPEC), reduced shipments, crude exports by Saudi Arabia ultimately registered a jump of 3 per cent in March, recording its highest level in five years, Bloomberg News reported, citing government statistics posted on the web site of the Joint Organization Data Initiative (JODI)………………………………………..Full Article: Source


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