In January 2022, Russia’s total oil production was 11.3 mb/d, of which 10 mb/d was crude oil, 960 kb/d condensates and 340 kb/d NGLs. By comparison, US total oil production was 17.6 mb/d while Saudi Arabia produced 12 mb/d. Russia is the world’s largest exporter of oil to global markets and the second largest crude oil exporter behind Saudi Arabia.
How much oil does Russia produce per day?
Russia produced an average of 10.83 million barrels (1,722,000 m 3) of oil per day in December 2015. 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. Exceeding production in 2000 by 3.2 Mbbl/d (510,000 m 3 /d).
What is the long-term outlook for Russian oil production?
k for Russian Oil1.1 IntroductionThe longer-term outlook for Russian oil production is extremely uncertain. The IEA’s World Energy Outlook 2022 postulates a 2 mmbpd drop for Russia’s oil producti
Which country buys Russian oil in 2021?
China is the largest single buyer of Russian oil, taking 1.6 mb/d of crude on average in 2021, equally divided between pipeline and seaborne routes. Russia is also a significant supplier of crude to Belarus, Romania and Bulgaria, and of products to most of the FSU countries, including Ukraine.