Russia remains the world's largest oil producer

Russia remains the world's largest oil producer

Editorial Staff
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Moscow is the world's top oil producer with an average of 10.323 million bpd, followed by Saudi Arabia with 10.07 million bpd, and the United States with an average of 9.32 million bpd

In June, with an average production of 10.323 million barrels per day, Russia ranked first on the list of the world’s top oil producers for the sixth consecutive month. Its oil production was up by 0.47 percent compared with May. The data, supplied by the Joint Data Oil Initiative (JODI), also shows that Saudi Arabia ranked second, with a 1.92 percent growth in average daily production in comparison with May, and an output of 10.07 million barrels per day in June. The United States was the world’s third largest producer with a 1.64 percent growth in output and an average of 9.32 million barrels per day. JODI has a freely available database providing the main data on the oil and natural gas markets in collaboration with the Asia-Pacific Economic Cooperation (APEC), the Statistical Office of the European Communities (Eurostat), the Gas Exporting Countries Forum (GECF), the International Energy Agency (IEA), the Latin American Energy Organization (OLADE), the Organization of the Petroleum Exporting Countries (OPEC), the United Nations Statistics Division (UNSD), and the International Energy Forum (IEF). Thanks to its working partnership with these organizations, JODI data covers 90 percent of the world’s total oil market.