Report: Russian oil output down by 281,000 bpd from Oct 2016 in May - 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

Report: Russian oil output down by 281,000 bpd from Oct 2016 in May

MOSCOW, Jun 4 (PRIME) -- RussiaТs average daily oil output rose 0.1% on the year to 10.966 million barrels per day in May, and fell by 281,000 barrel per day as compared with October 2016, Bloomberg reported on June 2 citing CDU-TEK, which provides data and analysis to RussiaТs Energy Ministry.

The output remained flat in month-on-month terms.

In November 2016, OPEC and non-OPEC states agreed to reduce their oil production to rebalance the market. Russia joined the agreement in December 2016 with a promise to cut output by 300,000 barrels daily compared with the level of October 2016. The agreement was prolonged until the end of 2018 in November 2017.

End

04.06.2018 08:50
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.8312 -0.6677 23 aug
USD 65.6196 -0.6434 23 aug
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1279.21 -0.08 13:07 22 aug
micex 2665.14 -0.33 13:07 22 aug
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 231.96 +0.32 12:50 22 aug
lkoh 5244.00 -0.64 12:50 22 aug
rosn 408.30 -0.51 12:50 22 aug
sber 218.25 -0.17 12:50 22 aug
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 73.1525 -0.6425 14:59 22 aug
USDTD 65.8975 -0.7625 17:44 22 aug