Min says RussiaТs oil output seen flat on month in August - 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

Min says RussiaТs oil output seen flat on month in August

KEMEROVO, Aug 27 (PRIME) -- Russian oil output will remain flat on the month in August, Energy Minister Alexander Novak told reporters on Monday.

УI think we will reach the level of July. In July, we raised by about 259,000 to (the level of) October 2016. In August, these figures will persist based on the current dynamics,Ф Novak said.

In November 2016, OPEC and non-OPEC states agreed to reduce their oil production to rebalance the market. Russia joined the agreement to cut the output by 300,000 barrels daily as compared with the level of October 2016. In 2017, the deal was prolonged until the end of 2018. In June, the participants decided to raise the output by 1 million barrels of oil per day.

End

27.08.2018 16:55
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.1299 +0.2276 19 oct
USD 63.9542 -0.0602 19 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1355.27 +0.13 18:50 18 oct
micex 2752.91 +0.16 18:50 18 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 228.00 0.00 18:49 18 oct
lkoh 5720.00 +0.09 18:49 18 oct
rosn 415.00 -0.63 18:49 18 oct
sber 235.55 +0.88 18:49 18 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.1150 +0.3100 14:59 18 oct
USDTD 63.9150 -0.2900 17:44 18 oct