At the same time, he stressed that the stability of the global oil market is a key factor in ensuring energy security. Given the current state of the global oil market, Russia will take the initiative to extend the average reduction in oil production by 500,000 barrels per day until the ...
India was the main destination of Russian crude oil export shipments in January 2024. The country that received the second-largest volume of oil was China.
MOSCOW. Dec 2 (Interfax) - The oil production plan for OPEC+ countries, taking into account quotas, voluntary reductions and compensation for insufficiently reduced output, is 35.45 million barrels per day in December, unchanged from November, Interfax calculations showed....
Earlier this month in Vienna, the OPEC and non-OPEC producers agreed to cut crude oil production by a total of 1.2 million bpd from January 2019 for an initial period of six months. The OPEC members will contribute 0.8 million bpd and non-OPEC members, including Russia, will contribute 0.4...
To shore up weak oil prices, the Organization of the Petroleum Exporting Countries (OPEC) and 11 non-OPEC producers, including Russia, agreed in November 2016 to trim oil production by a total of 1.8 million barrels per day.
Russia's crude oil and gas condensate production has risen to levels formerly agreed by Opec and non-Opec producers in Vienna in June, Energy Minister Alexander Novak insisted on Monday. Russia's oil and gas production in August was 253,000 barrels per day higher than its limit under the ...
Under the deal, Russia pledged to reduce oil output by up to 300,000 barrels per day. The energy ministry said Wednesday that Russia's average oil production in April has decreased by 258,600 bpd to reach 300,790 bpd as of May 1....
He adds that the government is considering new tax breaks to stimulate investment and boost production. Around 10.4 million barrels of oil per day will be produced by 2010 from new projects in Eastern Siberia, offshore Sakhalin Island and the Arctic north.Chazan...
Russia exported the largest volume of crude oil to China, at 1.4 million barrels per day in 2021.
OPEC crude oil production in November decreased by 744,000 bpd MoM to average 28.83 million bpd, according to available secondary sources. Total output by OPEC + countries decreased by 683,000 bpd to 24.49 million bpd. At the same time, their permitted quota under the OPEC + agreement was ...