How much crude oil does Russia produce and export?
Russia is the 3rd largest producer of crude oil: 10,737 thousand barrels daily in 2025, 11% of the world's 100,590 thousand barrels daily (Energy Institute). It is the 2nd largest exporter by value: $124.2 billion in 2024, 9.4% of world exports of crude oil (HS 2709) (CEPII BACI). Its biggest customer is China, which takes 50% of its crude oil exports by value.
All about crude oil · All about Russia · Crude oil price history
Russia's crude oil production
| World rank | Production (thousand barrels daily) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 3 | 10,737 thousand barrels daily | 11% | -0.3% a year | 2025 |
Energy Institute Statistical Review of World Energy, Statistical Review 2026.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2025 |
|---|---|---|---|---|
| 16% | 8.8% | 12% | 12% | 11% |
Russia's crude oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 2 | $124.2 billion | 9.4% | 216.8 million t | $573 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 2709 (Petroleum oils, crude).
Where Russia's crude oil goes
The crude oil price Russia sells into
The benchmark price, Brent (dated, 38° API), was $116.8/bbl in September 2026, up 72% over twelve months. Its five-year volatility is 34% a year, calmer in 68% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Crude oil price history.
Cite as: Commodity Origins, "Russia crude oil: production, exports and prices", https://commodityorigins.com/countries/RUS/crude-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.