RUSSIA'S OIL DOWN TO 11.38 MBD

REUTERS - Russian oil output declined to 11.38 million barrels per day (bpd) in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal's target, Energy Ministry data showed on Saturday.

This was down from 11.45 million bpd in December, a record monthly high. In tonnes, oil output reached 48.113 million versus 48.442 million in December.

Russian oil pipeline exports in January fell to 4.313 million bpd from 4.496 million bpd in December.

Rosneft, the world's largest oil producer by output, reduced its production by 0.1 percent last month from December, while second-largest Russian oil producer Lukoil saw production cuts of 0.8 percent.

Output at Rosneft's largest unit, RN-Yuganskneftegaz, declined by 0.8 percent after a blaze ripped through Priobskoye oilfield in early January.

Production at Gazprom Neft, the oil arm of gas giant Gazprom, edged up by 0.1 percent.

Russian Energy Minister Alexander Novak has said the country's overall cuts would total 50,000 bpd in January from October.

The Organization of the Petroleum Producing Countries and other leading global oil producers agreed in December to cut their combined output by 1.2 million bpd in order to support oil prices and evenly balance the market.

Of that, Russia has pledged to cut its production by around 230,000 bpd in the first quarter.

Novak has also said Russia was unable to reduce oil output sharply due to technical limitations but would try to do so more quickly.

The slower than expected cuts have drawn a rebuke from Saudi Arabia, the OPEC kingpin.

Reducing production presents a challenge because Russia's harsh winter climate can cause wells to freeze, Russian officials and analysts have said.

According to a Reuters survey, OPEC oil supply has fallen in January by the largest amount in two years.

Russian natural gas production was at 67.43 billion cubic meters (bcm) last month, or 2.18 bcm a day, versus 67.04 bcm in December.

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Earlier:

2019, February, 1, 11:35:00 OIL MARKET IS CALM PLATTS- Russian energy minister Alexander Novak said Wednesday that he does not currently see a need to take any extra measures or call for an extra meeting by the OPEC/non-OPEC group over the crisis in Venezuela. "We haven't discussed the situation with [Saudi energy] minister Falih, or other ministers," Novak told reporters. "The markets are currently calm ... and the volatility is insignificant. So there is no need for the extra meeting of OPEC+, at least the Russian side thinks so."

2019, January, 25, 08:45:00 RUSSIA'S OIL FOR CHINA UP 19.7% REUTERS - Oil imports from Russia reached 7.04 million tons, or 1.658 million barrels per day, in December, up 40 percent from 5.03 million tons a year earlier, according to the data from the General Administration of Customs. For the full year, Russian oil imports rose to 71.49 million tons, or 1.43 million bpd, up 19.7 percent from 59.7 million tons in 2017.

2019, January, 18, 10:50:00 ЦЕНА URALS: $55,94531 МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 декабря 2018 года по 14 января 2019 года составила $ 55,94531 за баррель, или $ 408,4 за тонну. Согласно расчетам Минфина России экспортная пошлина на нефть в РФ с 1 февраля 2019 года понизится на $ 8,3 и составит $ 80,7 за тонну.

2019, January, 18, 10:40:00 RUSSIA WILL CUT FASTER BLOOMBERG - “Of course, we will try to make the cuts faster,” Energy Minister Alexander Novak told reporters in Belgrade, Serbia. “We have our limitations of a technological nature, yet we will aim to reach the levels we agreed on.”

2019, January, 14, 12:10:00 RUSSIA'S OIL PRODUCTION DOWN 30 TBD PLATTS - Russia has already lowered its oil output by around 30,000 b/d compared with October volumes, used as a baseline under the latest OPEC/non-OPEC crude production agreement, and still plans to reach a cut of 50,000 b/d by the end of January, Russian energy minister Alexander Novak said Friday.

2019, January, 11, 11:50:00 РЕКОРДЫ ЭНЕРГЕТИКИ РОССИИ МИНЭНЕРГО РОССИИ - “В нефтяной отрасли мы в 2018 году по итогам года добыли 556 миллионов тонн нефти. Это на 10 миллионов тонн больше, чем в 2017 году. Прирост составил 1,6 процента. Было введено в эксплуатацию 54 месторождения. В газовой отрасли также побит 18-летний рекорд по добыче – 725 миллиардов кубических метров газа добыто. Это составляет примерно пятипроцентный прирост к 2017 году”, - сообщил Александр Новак.

2019, January, 4, 12:05:00 ЦЕНА URALS: $70.01 МИНФИН РОССИИ - Средняя цена нефти марки Urals по итогам января – декабря 2018 года составила $ 70,01 за баррель. В 2017 году средняя цена на Urals в январе – декабре составила $ 53,03 за баррель. Средняя цена на нефть марки Urals в декабре 2018 года сложилась в размере $ 57,59 за баррель, что в 0,9 раза ниже, чем в декабре 2017 года ($63,61 за баррель)