OPEC raises Russia's 2021 oil output forecast to 10.78 mln bpd

MOSCOW, Aug 12 (PRIME) -- OPEC has increased its forecast for Russia’s 2021 oil and gas condensate production to 10.78 million barrels per day from 10.63 million barrels it forecasted in July, according to a monthly report seen by PRIME on Thursday.

Oil and gas condensate production in July grew by 0.04 million barrels per day compared with June and grew 1.1 million barrels per day on the year to 10.75 million barrels per day as follows from the preliminary estimates.

Production in July–September and October–December 2022 is estimated at 11.88 million barrels per day.

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