IEA: Russia fulfills OPEC oil output reduction deal by 92% in July - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

IEA: Russia fulfills OPEC oil output reduction deal by 92% in July

MOSCOW, Aug 11 (PRIME) -- Russia’s production of liquid hydrocarbons has decreased by 276,000 barrels daily since October 2016 to 11.321 million barrels daily in July, fulfilling the terms of the OPEC plus nonmember agreement by 92%, the International Energy Agency (IEA) said in a report on Friday.

In June, Russia fulfilled the terms of the deal by 93% and the level of compliance has been 70% on average since the start of 2017.

Oil and gas condensate production fell by 279,000 barrels daily to 10.95 million barrels daily in July.

End

11.08.2017 13:04