Date: 6 days ago   Category: Energy

The OPEC raised the forecast for oil production in Russia in 2018 — Rambler News Service


The OPEC predicts growth of oil production in Russia in 2018 to 11,19 million barrels a day, follows from the monthly report of the organization. In the previous report the cartel predicted oil production in Russia in the current year at the level of 11,15 million barrels a day. Thus, the forecast is corrected on 40 thousand barrels towards increase. According to the report of OPEC, oil production in Russia in 2017 made 11,17 million barrels a day. Thus, oil production in the country in 2018 can grow by 20 thousand barrels a day, or for 0,2%. Concerning an indicator of 2016 (11,08 million barrels a day) production can increase by 110 thousand barrels a day. At the same time the OPEC predicts oil production in Russia in 2019 also at the level of 11,19 million barrels a day In the previous report of OPEC predicted oil production in Russia in 2019 at the level of 11,17 million barrels a day. Thus, the forecast is corrected on 20 thousand barrels towards increase.

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