Russia set a post-Soviet production record and Iraq exported the most oil since the 1980s in the month of December, according to a report from Bloomberg.

The information, which was acquired from an email by the Russian Energy Ministry, said Russia’s total production for December was 10,667 MBOPD – a month-over-month increase of 0.3%. The United States is the only country to produce greater volume, based on data from the International Energy Agency’s (IEA) latest Oil Market Report. Its production for September 2014 (the most recent official r...


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