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Russian Oil Production and Exports Decline in October: Kommersant

OIL

Both Russian oil production and exports declined slightly in October according to Kommersant reports.

  • Based on anonymous sources, Kommersant reported that Russia's October oil production has been at 1.47 million tonnes of oil per day or 10.78 million bpd, down from September's 10.8 million bpd reported by Russian statistics agency Rosstat last week.
  • It said that Russian seaborne and pipeline oil exports have declined by 2% from September to about 640,000 tonnes per day or 4.7 million bpd.
  • The Russian news outlet said that the source expects Russian outflows to fall further in December after the European ban on Russian oil December 5, while a slow return of Sakhalin-1 is also hitting domestic production outlooks.
Energy BulletsCommodities
Energy BulletsCommodities

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