Russia became the world's leading oil exporter

Russia came first in the world in exports of petroleum and petroleum products, ahead of Saudi Arabia, said the newspaper Kommersant, citing data from the International Energy Agency (IEA) for the first and second quarter of the year. Russia has not occupied the leadership position in oil exports from the dissolution of the USSR, while Saudi Arabia is the traditional leader in this indicator. During the second quarter and when oil exports to Russia reached 7,4 million barrels a day, while exports to Saudi Arabia for the second quarter fell to 7 million barrels a day from 7.39 million barrels in the first quarter. For the first three months of this year exports to Russia was 7.25 million barrels a day. Meanwhile, analysts remind us that the volume of exports of Saudi Arabia depends on the quotas set by OPEC on production, while those in Russia will. The increased volume of oil exports, Russia is associated with increased yield, which for 2009 is projected to be about 490 million tons, or a growth of 0.4% compared to 2008 last year for oil extraction in Russia was 488 , 1 million tons, which was a decrease of 0.7 percent over the previous 2007. In the opinion of the Minister of Oil Industry of Saudi Arabia, currently the world oil market is in good shape, no deficit, and arrange a price consumers and producers. Oil Minister of Kuwait, in turn, predicts that by the end of the year there will be fluctuations of oil prices in the 60-80 dollar per barrel.