Russia surpassed Saudi Arabia in oil production

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www.vsyako.netPhoto: Maxim Bogodvid / RIA Novosti

In may, Russia took the second place in oil production in the world. She was ahead of his partner on the deal, OPEC+, OPEC leader Saudi Arabia. This is evidenced by the organization “Joint initiative on oil statistics” (JODI), reports RIA Novosti.

Thus, the third Russia it remained only a month, and before that took second place from November 2018. In may, production in Russia decreased by 16.8 percent, but in Saudi Arabia fall to April was 29.3 per cent.

First reaching the US in may lowered the production of only 5.5 percent. Moreover, if exports from Saudi Arabia in the same month fell by 41.2 per cent, from the United States rose by 1.1 percent. Data for Russia, the organization indicates.

Earlier it became known that Russia was violating the OPEC deal+ in may and June, which in August it will have to increase oil production at least, it changed the quota volume.

Meanwhile, oil production in the US is also faced with unprecedented challenges. A record decline in the number of new rigs will allow them to quickly restore production even if oil prices rise. Many companies, including large, close to bankruptcy, because it is not able to service the loans. Thus, under the pressure of environmental organizations American banks avoid cooperation with companies in the oil and gas sector.

Also environmentalists sued the closure of the pipeline Dakota Access is the only method of delivery of oil from the large deposits of the Bakken in North Dakota.

Video, photo All from Russia.

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