Russia Holds Position As World's Second-Largest Crude Oil Producer In November - JODI
Muhammad Irfan 2 months ago Wed 20th January 2021 | 07:00 PM
MOSCOW (UrduPoint News / Sputnik - 20th January, 2021) Russia has held its position as the world's second-largest crude oil producer for the seventh month in a row, according to November figures published by the Joint Organisations Data Initiative (JODI) on Wednesday.
According to JODI, the United States was the world's leading crude oil producer in November with an output of 10.93 million bpd, a 4.9 percent increase from the previous month. Saudi Arabia was the third-largest crude oil producer in November with 8.
JODI data for November also showed a 3.8 percent increase in US oil refinery intake compared to the previous month, up to 13.99 million bpd. Russia reported an increase of 7.6 percent to 5.56 million bpd, as Saudi Arabia registered a fall of 2.6 percent month-on-month to 2.33 million bpd.