Saudi Arabia surpassed Russia in oil production in June by 1.7 percent. According to Rosstat, published on Thursday, 25 August, Russian oil production dropped to 10.14 million barrels per day.
However, Saudi Arabia in June, the daily was produced of 10.31 million barrels. The total production of the Organization of countries-exporters of oil (OPEC) in the same month amounted to 32,86 million barrels, follows from the materials of Rosstat.
The price of Russian oil mixture Urals in June rose 4.1 percent to $ 339,4 dollars per ton (about 46.6 per barrel).
25 Aug at 18:00 Moscow time Brent on London’s ICE futures exchange was trading around the level of 49.6 dollars a barrel. It rose by 1.1 percentage points compared with the close of the previous session.
August 11 the International energy Agency reported that Saudi Arabia increased its oil production in July to a record high of 10.62 million barrels per day.
A day earlier, OPEC issued a forecast that in 2017 the global consumption of oil will break a new record and will be 95,41 million barrels per day.
According to S&P Global Platts in June, OPEC increased its oil production to its highest level since 2008 — of 32.73 million barrels per day.
