The Three Countries, Produced 33 Million Barrels Per Day
Russia have signaled that they would pump more oil to fill Iranian vacuum when Trump sanctions take effect from November 4. In the meantime, the world’s top three producers, Russia, the United States and Saudi Arabia jointly now account for a third of global supplies.
The report shows that the three countries jointly produced 33 million barrels per day for the first time in September, which is an increase of 10 million barrels per day since the start of the decade.
Brent oil prices weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports.