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2019-12-02 14:00:00

RUSSIA'S OIL PRODUCTION 11.244 MBD

RUSSIA'S OIL PRODUCTION 11.244 MBD

REUTERS - Russian oil output rose to 11.244 million barrels per day (bpd) in November, the Energy Ministry data showed on Monday, pumping more than agreed under a deal with OPEC and other producers, a group that meets this week to discuss output policy.

Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.

The Organization of the Petroleum Exporting Countries and non-OPEC producers…

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Tags: RUSSIA, OIL, PRODUCTION, OPEC
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