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 76.0926 +0.2850 13 nov
USD 67.5238 +0.6741 13 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1113.25 -0.13 10:47 13 nov
micex 2392.14 -0.07 10:47 13 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 150.43 -0.30 10:30 13 nov
lkoh 5095.50 -0.65 10:30 13 nov
rosn 458.55 -1.07 10:30 13 nov
sber 194.92 -0.97 10:30 13 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 76.1325 -0.1225 10:28 13 nov
USDTD 67.7125 +0.2825 10:28 13 nov