MNI INTERVIEW2: China Developers Need More Help To Consolidate

MNI China Press Digest March 11: Housing, Car Prices, Railway

MNI: PBOC Net Drains CNY0.5 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1741 Tues; -1.02% Y/Y

MNI: US Feb Inflation Expectations Uncertainty Rises - NY Fed

MNI INTERVIEW: Hainan Green FTZ to Attract EU Investors - NPC

MNI: UK BRC FEB BY VALUE SHOP SALES LFL +0.9% YY, TOTAL +1.1% YY

MNI JAPAN Q4 GDP ??REV +0.6% Q/Q; PRELIM +0.7%; MEDIAN +0.7%

MNI JAPAN JAN HOUSEHOLD SPENDING +0.8% Y/Y; DEC +2.7%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RUSSIA: Russia Crude Output Flat in February, Below OPEC+ Quota

RUSSIA
CEEMEAEM BulletRussiaBulletEmerging Market News
  • Russian data show the country’s crude oil production in February was little changed from the month before, holding just below its OPEC+ quota, Bloomberg report citing people familiar with the figures. Output averaged 8.964 million barrels a day last month, which is 14,000 barrels a day below Russia’s target under the OPEC+ supply agreement.
  • Russia's Finance Ministry has met its quarterly target for domestic borrowing almost a month early, Kommersant report, raising more than RUB1trln since the start of the year. It raised about RUB218bln in auctions for two fixed rate OFZ bond issues Wednesday amid demand that totalled RUB377bln, the highest figure for such bonds since April 2021. The bonds are being bought primarily by banks and institutional investors, but demand from retail investors is also growing, the newspaper add.
  • The Bank of Russia reports the weekly change in gold and FX reserves. No tier 1 data releases are scheduled for the remainder of the week. February CPI figures are due next week.
162 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Russian data show the country’s crude oil production in February was little changed from the month before, holding just below its OPEC+ quota, Bloomberg report citing people familiar with the figures. Output averaged 8.964 million barrels a day last month, which is 14,000 barrels a day below Russia’s target under the OPEC+ supply agreement.
  • Russia's Finance Ministry has met its quarterly target for domestic borrowing almost a month early, Kommersant report, raising more than RUB1trln since the start of the year. It raised about RUB218bln in auctions for two fixed rate OFZ bond issues Wednesday amid demand that totalled RUB377bln, the highest figure for such bonds since April 2021. The bonds are being bought primarily by banks and institutional investors, but demand from retail investors is also growing, the newspaper add.
  • The Bank of Russia reports the weekly change in gold and FX reserves. No tier 1 data releases are scheduled for the remainder of the week. February CPI figures are due next week.