Russia surpassed Saudi Arabia in oil production in may by 2.1 percent. According to Rosstat, published on Thursday, 21 July, Russian oil production rose to 10.46 million barrels per day.
However, Saudi Arabia in may, the daily was produced 10.24 million barrels. The total production of the Organization of countries-exporters of oil (OPEC) made up 32.36 million barrels.
The price of Russian oil mixture Urals in may increased by 12.7 percent and amounted to $ 326 per tonne (43.5 dollars per barrel).
21 Jul at 18:25 Moscow time Brent on London’s ICE futures exchange was trading around $ 47 per barrel. It fell by 0.36 per cent compared with the close of the previous session.
11 July it was reported that OPEC countries, including Saudi Arabia increased its oil production to its highest level since 2008. The cartel extracted of 32.73 million barrels a day.
