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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.
All this culminated in the U.S. production of 7.9 million barrels of crude oil per day in 2013, a level the country hasnât hit since 1988. U.S. production is expected to continue rising, to 8.4 million barrels per day in 2014, and 9.1 million barrels per day in 2015.