2025-10-10 06:45:00
RUSSIAN OIL PRODUCTION UP
REUTERS - Oct 8, 2025 - Russia has been gradually raising its oil production and was close last month to meeting the output quota agreed by the OPEC+ group of leading oil producers, Deputy Prime Minister Alexander Novak said on Wednesday, the Interfax news agency reported.
Russia's energy sector has been under serious strain in the past two months due to a wave of Ukrainian drone attacks on its oil and gas infrastructure, mainly targeting oil refineries.
The attacks, along with disruption to logistics chains, have led to shortages of some popular types of gasoline in several regions, prompting the government to extend a gasoline export ban and declare a partial ban on diesel exports.
Novak was cited as saying that there was no need to further restrict diesel exports and that domestic oil refineries had increased fuel production.
"Overall, there is a balance between supply and demand. And today, we're addressing any logistical issues that arise as usual. So, there are no major problems," Novak was quoted as saying when discussing domestic fuel supplies.
The Organization of the Petroleum Exporting Countries and its allies, led by Russia, a group known as OPEC+, have been unwinding previously agreed oil production cuts to regain market share from rivals such as U.S. shale producers.
According to OPEC, Russian oil production increased in August to 9.173 million barrels per day, up 50,000 bpd from July.
Russia's OPEC+ production quota stood at 9.415 million bpd in September. No last-month production data has been available.
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Earlier:
2025, October, 8, 06:35:00
RUSSIAN OIL EXPORTS UP
Russian-origin crude liftings from Russian ports reached 3.88 million b/d, the highest since April 2024,
2025, August, 21, 06:50:00
RUSSIA'S OIL EXPORTS UP BY 7%
Physical export volumes in July increased 1.4% month-on-month to 7.3 million barrels per day, matching the export volume from a year earlier.
2025, August, 15, 06:55:00
RUSSIAN OIL FOR CHINA RISE
Russia has often raised crude exports to China via the Arctic route during the navigation season, when voyage time to the world's top seaborne crude importer is shorter and freight costs lower.
2025, August, 7, 06:55:00
RUSSIAN ENERGY FOR EUROPE: $ BILLIONS
Imports of goods from Russia in the first quarter of 2025 totaled 8.74 billion euros ($10.11 billion), down from 30.58 billion euros four years earlier. Since January 2022, the EU has imported 297 billion euros' worth of Russian goods.
2025, August, 5, 06:50:00
OPEC+: MARKET STABILITY
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.
2025, July, 30, 06:50:00
OPEC+ RUSSIA: OVERALL CONFIRMITY
The Committee reiterated the critical importance of achieving full conformity and compensation, and requested countries that did not achieve full conformity to submit updated compensation plans to the OPEC Secretariat by 18 August 2025.
2025, June, 3, 06:55:00
OPEC+ RUSSIA OIL PRODUCTION: +411 TBD
In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in July 2025 from June 2025 required production level.
2025, April, 16, 06:50:00
RUSSIAN OIL PRODUCTION: NO CHANGES
Its target scenario sees output of 540 million tons at the end of this decade and also by midcentury, a document published Monday showed. That’s equivalent to about 10.84 million barrels a day and is only marginally above volumes in 2023, the baseline for the paper. Shipments abroad are also expected to hold steady.