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    Russia Outstrips Saudi Arabia in Oil Output in March

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    Russia surpassed Saudi Arabia in oil production in March by producing almost 11 million barrels per day, Russian Federal Statistics Service Rosstat said Monday.

    MOSCOW (Sputnik) — According to Rosstat, Saudi Arabia produced 10.120 million barrels daily in March, compared to Russia's 10,927 million barrels.

    In total, OPEC countries produced 32 million barrels a day throughout the first three months of 2016.

    According to Rosstat, over the first quarter of 2016 Russia sold oil worth more than $10 billion. The share of oil sales in Russian export made up 23 percent in the first quarter of 2016, compared to 25.2 percent in the same period of 2015.

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