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In 2009, Russia produced 12% of the world's oil and had a similar share of global oil exports. [4] Russia produced an average of 10.83 million barrels (1,722,000 m 3) of oil per day in December 2015. [5] In June 2006, Russian crude oil and condensate production reached the post-Soviet maximum of 9.7 million barrels (1,540,000 m 3) per day.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
By 2011, Russian oil production had increased to 10.54 million barrels per day (1.676 × 10 ^ 6 m 3 /d). [7] It is the second largest exporter of oil in the world. In October 2018, Russia's crude oil output grew to 11.61 million barrels per day (1.846 × 10 ^ 6 m 3 /d), a new post-Soviet record.
Moscow's most troubled oil refining plants could shut down as soon as early next year, one source told Reuters. Russian oil-refining businesses are at risk of plant closures amid heavy losses ...
“The events in Russia lead the market to consider how much Russian oil production and exports could have been affected if Wagner took more territory or if Russia fell into a civil war,” Andy ...
Russian crude production could fall off by 1.1 million barrels a day, Rystad said, dealing a potentially massive blow to the country's economy.
Russia has oil and gas production facilities throughout the country, but the bulk of its fields are concentrated in western and eastern Siberia. China is the largest importer of Russian crude (making up 20% of Russian exports), [ 3 ] [ 17 ] [ 18 ] but Russia exports a significant volume to buyers in Europe.
The IEA thought Russian oil production would plunge by millions of barrels, but it's hardly dropped at all. Russia's oil production is far higher than expected this year as it reroutes supplies to ...