Date: 5 days ago   Category: Energy

Russia reduced oil production at the beginning of January to 11.38 million barrels a day — Rambler News Service


Russia reduced oil production (taking into account gas condensate) in the first ten days of January, 2019 to 11.38 million barrels a day, the Reuters agency with reference to the source familiar with statistical data reports. Thus, according to the agency, the current indicator of production on 30 thousand barrels a day is lower than the level of October, 2018 which is basic within the agreement of Russia with OPEC on reduction of level of production of oil. In comparison with the level of December of last year (11.45 million barrels a day) production in 10 days of January decreased by 70 thousand barrels a day. On December 5-7, 2018 in Vienna there took place negotiations of the countries of OPEC and the states which are not entering into cartel participating in the agreement on reduction of level of production of oil. Following the results of negotiations of the country of OPEC reached the agreement on reduction of level of production of oil on 1.2 million barrels a day to the level of October, 2018. At the same time the countries of OPEC will reduce oil production within the transaction by 800 thousand barrels the day which is not entering into cartel of the country — in total on 400 thousand barrels a day. Russia will reduce oil production by 228 thousand barrels a day.

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