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25/08/2014
09:27
Russia lead in oil production in June

In June 2014, Russia was the largest oil producer with daily output of 10.029 million barrels, the Federal State Statistics Service reported referring to the OPEC data.

The OPEC countries daily produced 29.701 million barrels of oil, Saudi Arabia alone produced 9.729 million barrels.

Oil accounted for 31.8% of the total amount of exports from Russia, 44.3% of the total exports of fuel and energy products in January-June 2014 (against 33% and 46.1% in January-June 2013, respectively).

Effective export oil price was $743 per tonne on average (101.1% of the May 2014 level). In the global market, Urals cost $795 per tonne (101.1% of the May 2014 level)

"AK&M", 25.08.2014

 

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