Thursday 10 June 2010

Russia overtakes Saudi Arabia as world oil production leader - paper | Business | RIA Novosti


Russia produced more oil and less gas than Saudi Arabia in 2009 and is now the world's biggest oil producer, a Russian business daily said on Thursday.

Kommersant daily quoted BP's 2009 annual fuel and energy report as saying that global oil consumption saw its strongest decline since 1982 (down 1.7 percent year-on-year.)

BP CEO Tony Hayward said the report reflected long-term changes in the world's energy patterns and a trend towards more eco-friendly energy sources.

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