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2020-08-03 12:45:00

RUSSIA'S OIL PRODUCTION 9.37 MBD

RUSSIA'S OIL PRODUCTION 9.37 MBD

PLATTS - 02 Aug 2020 - Russian crude and condensate production totaled 39.63 million mt, equivalent to around 9.37 million b/d, in July, up 0.4% month on month, and down 16% year on year, according to preliminary data released by the central dispatching unit of the Russian energy ministry August 2.

Russia agreed to cut crude production over May to July by 2.5 million b/d from a baseline of 11 million b/d to 8.5 mil b/d under the OPEC+ agreement. Russian condensate production is excluded from the agreement. The ministry has not yet provided separate figures for crude and condensate production for July. Condensate…

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