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