June 14, 2022 12:37 GMT
Russia’s oil production rose almost 5% in the first half of June compared with May, Russian news agency Interfax reported today based on a source with access to output statistics.
- Average daily oil production, including condensate, was 1.46 million tonnes in the first 13 days of June, 68,000 tonnes more than May levels.
- Russia’s average daily oil exports were up by 0.5% during 13 days of June compared with the May monthly average to 662,500 tonnes per day according to the Interfax source.
- Russian seaborne oil exports were up 9.5% during June 1-13 compared with May to 470,700 tonnes per day, while supplies via pipelines were down by 16.5% to 191,800 tonnes per day.
- Hungary increased purchases on the Druzhba pipeline by 14% to 19,700 tonnes per day June 1-13 versus May. The other countries connected to Russian oil via the pipeline saw volumes fall over the same dates.
- Russia has diverted a lot of its oil exports to Asia since March amid looming Western sanctions.