In 1985, Russia was the largest crude oil producer with a production of over 10.8 million barrels per day (mb/d). The USA was a close second with a production of over 10.5 mb/d and Saudi Arabia a distant third with a production of over 3.6 b/d. Together the top three producers accounted for about 43 percent of global oil production. By 1992, Saudi Arabia was the top producer with a production of over 9 mb/d, recording a growth of over 150 percent compared to production in 1985 whilst Russia’s production fell by over 26 percent in the same period to just over 7.9 mb/d and USA retained the second place though ... (full story)