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Russia second to Saudi Arabia by average daily oil production in June

August 25, 17:15 UTC+3 MOSCOW
Saudi Arabia was producing 10.3 mln barrels of oil per day in June while Russia's production stood at 10.1 mln barrels of oil daily
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© Egor Aleev/TASS

MOSCOW, August 25. /TASS/. Russia was producing 10.1 mln barrels of oil daily in June 2016 and was second to Saudi Arabia, the state statistics service Rosstat reported on Thursday.

Saudi Arabia was producing 10.3 mln barrels of oil per day in June. Total daily production of OPEC nations was 32.9 mln in June.

Russia boosted its oil exports by 6% year-on-year in the first half of 2016 to 127.8 mln tonnes, Rosstat said. The specific share of oil export amounted to 25.4% in the total volume of Russian exports in the first half of 2016 and to 43.2% in the export of fuel and energy commodities (versus 26.5% and 40.7% in the first half of 2015, respectively).

The average actual export price of oil increased by 6.8% to $309.6 per ton in June 2016. The price for Urals crude oil rose on the global market by 4.1% to $339.4 per tonne in the reporting period.

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