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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.
american oil production is booming despite the crash in crude oil prices rystad energy estimates u s oil production will average 9 65 million barrels per day in 2015 exceeding the previous all time record set in 1970it s an unusual time to have a record breaking year the world currently has too much oilystad believes america could set another personal record for crude oil production next year nysveen said only a sustained period of sub $ 50 oil prices will cause an outright decline in u s oil production we could see another record in 2016 he said