Russian Oil: Investors Should Proceed With Caution

uick, which country produces more oil than any other? If you know that, can you name its largest oil and gas companies?
Odds are (unless you're an oil and gas enthusiast) you don't know.
Russia is the world's largest oil producer -- pumping 10.12 million barrels/day (mb/d) out of the ground. Saudi Arabia is second with 9.8 mb/d, the U.S. comes in third with 9.06 mb/d, and Iran a distant 4th with 4.1 mb/d (See complete list here).

The Russian company Rosneft (RNFTF.PK), producing 2.18 mb/d of Russia's 10.1 mb/d, is Russia's top producer while Lukoy (LUKOY.PK) holds the largest reserves. Russian oil flows . . . Read more here