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Russia emerges as top crude oil producer ahead of Saudi Arabia in 2012

Posted on 05 November 2012

Russia has emerged as the world’s largest producer of Crude Oil ahead of Saudi Arabia in 2012. According to US Geological Survey (USGS) data, Saudi Arabia topped the charts until 2011 producing 10.5 mn barrels per day in 2011 while Russia produced 10.1 mn barrels per day.
However, Reuters reported that Russia has emerged as the world’s largest crude oil producer this year having increased production to 10.46 mn barrels per day thanks to increased production by Rosneft, soon to be world’s biggest crude supplier………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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