Russia to overtake Saudi Arabia as top oil producer – IEA ...News

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Russia to overtake Saudi Arabia as top oil producer – IEA
Moscow and Riyadh have both announced voluntary output cuts in a bid to prop up crude prices Russia is about to surpass Saudi Arabia as the top OPEC+ crude producer, the International Energy Agency said in its monthly oil market report last week.  Saudi Arabia's total crude output should drop to 9 million barrels a day (bpd) through July and August, after it decided to prolong its production cut in an effort to balance prices, according to IEA estimates. This volume of output would be the lowest the kingdom has produced in two years and would make Russia the top oil producer in the OPEC+ group of crude exporters,

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