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Russia surpasses Saudi Arabia in average daily oil output in March 2017

Average actual export price for oil in March 2017 was $368.5 per tonne, 2.3% lower than February 2017

MOSCOW, May 26. /TASS/. In March 2017, Russia produced 10.65 mln barrels of oil per day surpassing Saudi Arabia by 6.6%, according to the Russian State Statistics Service (Rosstat). Saudi Arabia produced 9.994 mln barrels of oil per day in March.

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OPEC and non-OPEC countries to develop cooperation outside Vienna agreement

In general, according to statistics, OPEC countries reached daily production on 31.928 mln barrels in March, including Iraq - 4.402 mln barrels.

Average actual export price for oil in March 2017 was $368.5 per tonne (2.3% lower than February 2017). At the same time, price of Urals oil on the world market reached the level of $363.3 per tonne (7% lower than February).

According to the statistical service, oil exports from Russia in March of this year decreased by 0.7% compared to March 2016 - to 21.6 mln tonnes.

According to the results of the Q1, the share of oil exports in the total volume of Russian exports amounted to 27.9%, in the export of fuel and energy products - 43.4%, Rosstat said.

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