Date: 3 days ago   Category: Energy

Russia reduced production in January by 50 thousand barrels a day to the level of the transaction of OPEC — Rambler News Service


Photo: Egor of Aleev/TASS Oil production by Russia in January, 2019 made 11.56 million barrels a day that on 50 thousand barrels a day it is less, than in October, 2018, follows from the monthly review of OPEC. "Production of Russia in January was 11.56 million barrels a day that on 90 thousand barrels a day it is less, than last month, on 50 thousand barrels a day it is less, than in October, 2018, but on 41 thousand barrels it is more in annual terms" — it is said in the report. According to the report of the organization of November, 2018, the Russian production in October, 2018 was 11.6 million 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 since January 1, 2019 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. The Minister of Energy of the Russian Federation Alexander Novak explained that Russia will reach the necessary level of reduction of production during the first quarter 2019. On February 4 the current year Novak reported that following the results of January Russia reduced oil production by 47 thousand barrels a day to an indicator of October, 2018.

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