Free Trial

Russia’s Oil Output Down 1.8% on Year Amid OPEC+ Deal: Putin

ENERGY

Russia’s oil output in 2024 to date is 1.8% lower than the same period in 2023, amid voluntary production cuts as part of the OPEC+ deal, Russia’s President Vladimir Putin said May 20.

  • That puts production at 195.7m mt for 2024 to date.
  • In Jan-April, gas production was up around 8% on the year to 246.6 bcm.
57 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.

Russia’s oil output in 2024 to date is 1.8% lower than the same period in 2023, amid voluntary production cuts as part of the OPEC+ deal, Russia’s President Vladimir Putin said May 20.

  • That puts production at 195.7m mt for 2024 to date.
  • In Jan-April, gas production was up around 8% on the year to 246.6 bcm.