Tag Archives: Russia production

Russia’s Oil Production – December 2016

  • Russian oil production in December stood unchanged at 11.21 million barrels per day (bpd), flat month on month and at its highest in almost 30 years, energy ministry data showed on Monday.
  • Russia is preparing to cut output by 300,000 bpd during the first half of 2017 as a part of a global pact with OPEC aimed at rebalancing the market.
  • Full story from Reuters here.
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Russia’s Oil Production – July 2016

  • Russia Oil Output Posts 24th Month of Year-on-Year Gains in July.
  • Production climbs 1.8% to 10.85 million barrels a day.
  • Weaker ruble and progressive taxes bolster Russian output.
  • Production climbed to 10.85 million barrels a day, according to data from the Russian Energy Ministry’s CDU-TEK unit. That was little changed from June and compares with a post-soviet record of 10.91 million barrels a day in January.
  • Full story from Bloomberg here.
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