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Russia’s daily average crude and condensate output rose by 2.4% on year to 10.52 million b/d in 2021, as OPEC+ increased quotas in line with recovering demand as pandemic lockdown measures eased globally. OPEC+ crude quotas were the key driver of Russian production volumes in 2021. Analysts see quotas continuing to be the most influential ...
Russia produced 44.56 million mt, or around 10.89 mil b/d of crude and condensate in November, according to data released by the Central Dispatching Unit of the Russian Energy Ministry. Russian production volumes have risen over the last year in line with increases to OPEC+ quotas. The group has been relaxing production cuts in response ...
Russian crude and condensate output increased by 2.7% on the month to 43.86 million mt — or 10.72 million b/d — in September, according to data released by the Central Dispatching Unit of the Russian Energy Ministry Oct. 2. Russian production is rising as OPEC+ eases production quotas in response to demand increases on the ...
REFINERY NEWS ROUNDUP: Mixed prospects for Russian Feb runs While smaller and medium-sized refineries are expected to keep runs low in February on poor economics, oil majors have been asked to ramp up runs at the country’s bigger refineries to secure sufficient gasoline stock accumulation by May 1. However, prospects for bigger refineries increasing runs imminently look dim as economics remain unfavorable. Spot prices for Russian crude oil for domestic loading and delivery by pipeline in February are some Rb2,000/mt ($26.3/mt) higher month on month on a combination of firmer Brent prices an...