At the end of May Russia was the world leader in the production of oil, surpassing Saudi Arabia.

High prices have supported the production of oil in Russia.

At the end of May Russia was the world leader in the production of oil, surpassing Saudi Arabia. The high level of production was a surprise: the state and the companies expected that production would start to fall in 2015. But according to sources of "the Kommersant", because of the devaluation of the rouble, rising oil prices and increased profitability of mining companies their production drilling increased. The question is whether Russia is able to maintain this level in the medium term.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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