OPEC raises RussiaТs 2018 oil output outlook to 11.04 mln bpd - 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

OPEC raises RussiaТs 2018 oil output outlook to 11.04 mln bpd

MOSCOW, May 14 (PRIME) -- OPEC has raised its outlook for RussiaТs oil and gas condensate output in 2018 by 0.02 million barrels to 11.04 million barrels per day, the organization said in a report Monday.

OPEC also confirmed its estimate of RussiaТs oil and gas condensate output in 2017 at 11.17 million barrels per day.

OPEC said it fulfilled the oil production cut agreement by nearly 163% in April, though raised the output by 12,100 barrels a day to 31.93 million barrels in the period.

Growth of oil production in Saudi Arabia and Algeria was partially compensated by reduction of output mainly in Venezuela, Gabon, and Nigeria.

OPEC also said its outlook for global oil demand by 0.02 million barrels a day to 1.65 million barrels a day in 2018. Demand for oil is expected at around 98.84 million barrels a day.

End

14.05.2018 14:09
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.6377 -0.5914 20 jun
USD 63.9794 -0.3558 20 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1355.83 -0.25 14:26 19 jun
micex 2755.49 -0.22 14:26 19 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 232.17 +0.02 14:08 19 jun
lkoh 5219.50 -0.20 14:08 19 jun
rosn 409.20 -0.61 14:08 19 jun
sber 239.34 -1.02 14:08 19 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.9100 -0.1800 14:59 19 jun
USDTD 64.0275 -0.1200 17:44 19 jun