Date: 4 weeks ago   Category: Energy

The USA in October kept leadership in oil production in the world — Rambler News Service


Level of production of oil in Russia in October, 2018 made 10.654 million barrels a day that on 12 thousand barrels a day it is more, than production level in Saudi Arabia for the same period, follows from data of Joint Organisations Data Initiative (JODI). The eighth month in a row the USA remains the leader in oil production in the world. Production of Saudi Arabia in October, 2018, according to the organization, was 10.642 million barrels a day. At the same time oil production in the USA, according to JODI, made in October 11.142 million barrels a day against 11.575 million barrels a day in September. Thus, the USA is the eighth month in a row the world leader in the monthly volume of oil production. In February the USA for the first time overtook Saudi Arabia on the monthly volume of production, and in March for the first time became the world leader in this indicator. According to information of JODI, Russia surpassed Saudi Arabia in production level in January, 2017 and kept the leading positions till February of the current year inclusive. In September, 2018 oil production in Russia made 10.766 million barrels a day, in Saudi Arabia — 10.502 million barrels a day. Thus, production of Russia in October decreased by 12 thousand barrels a day. Saudi Arabia reduced oil production in October by 60 thousand barrels a day from the level of September.

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