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In 2007, Russia produced roughly 9.8 million barrels per day (1.56 Ã10. 6 m 3 /d) of liquids, consumed roughly 2.8 million barrels per day (450 Ã10. 3 m 3 /d) in liquids, and exported (in net) around 7 million barrels per day (1.1 Ã10. 6 m 3 /d). Over 70 percent of Russian oil production was exported, while the remaining 30 percent was refined locally.
Saudi Arabia produced 10.3 MMbpd of crude oil in March 2015âcompared to the previous high of 10.2 MMbpd in August 2013. Saudi Arabian production will play a pivotal role in the oil market.According to a Bloomberg survey, if Saudi Arabia increases production by 500,000 bpd (barrels per day), then it utilizes 86% of its production capacity. Russia will also be producing crude oil at its peak capacity. Russia produced 10.7 MMbpd in 1Q15.audi Arabian production will play a pivotal role in the oil market. According to a Bloomberg survey, if Saudi Arabia increases production by 500,000 bpd (barrels per day), then it utilizes 86% of its production capacity. Russia will also be producing crude oil at its peak capacity. Russia produced 10.7 MMbpd in 1Q15.