Date: a week ago   Category: Energy

MEA raised the forecast for oil production in Russia in 2018 to 11,52 million barrels a day — Rambler News Service


MEA raised the forecast for oil production in Russia in 2018 to 11,52 million barrels a day
Photo: Evgeny of Odinokov/RIA Novosti the International Energy Agency (IEA) raised the forecast for oil production in Russia in 2018 on 30 thousand barrels a day in comparison with the previous forecast — to 11,52 million barrels a day, it is told in the monthly review of the agency. According to data of MEA, in 2017 oil production in Russia made 11,36 million barrels a day. Proceeding from these data, oil production in Russia in 2018 can grow by 160 thousand barrels a day, or for 1,4%. In the previous review of MEA predicted growth of oil production in Russia in 2018 to 11,49 million barrels a day. At the same time MEA predicts growth of oil production in Russia in 2019 to 11,77 million barrels a day. In the previous report the organization expected growth of oil production in Russia in 2019 to 11,71 million barrels a day. Thus, the forecast is corrected on 60 thousand barrels towards increase. Oil production in Russia in 2019 can grow by 250 thousand barrels a day, or for 2,2%.

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