Free Trial
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.
OIL
Russian crude oil production in April stood at 9.6mbpd in April, down by 100kbpd on the month according to OPEC’s Monthly Oil Market Report.
- This mostly in line with data from Russia’s Energy Ministry that said the country’s crude oil production stood at 9.66mbpd in May.
- Total liquids production in April fell by 176kbpd on the month to 10.9mbpd, including 1.4mbpd of NGLs and condensate.
- For 2023, Russian liquids production is forecast to drop by 0.75mbpd on the year to average 10.28mbpd, unchanged from the previous month’s assessment. This includes the country’s pledged voluntary cuts.
- The Russian government pledged to cut its crude oil production by 500kbpd, compared with the February baseline of 10.08mbpd, starting in March 2023 according to the Russian Energy Ministry.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok