Russia surpasses Saudi Arabia in oil output

Russia overtook Saudi Arabia as the world's largest crude oil producer in May, with Russia's oil output amounting to 10.298 million barrels a day against 9.880 million barrels extracted by Saudi Arabia, Joint Organisations Data Initiative (JODI) data showed.

Russia’s output in May decreased by 0.24 percent, while Saudi oil production dropped by 0.34%, compared to April, JODI noted.

Moscow has been ahead of Riyadh in crude production since this January.