Oil & Gas

09 May 2024

Russia Cuts Oil Production by Less Than Agreed Last Month, Bloomberg Says

09 May 2024  by reuters   

Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File photo Purchase Licensing Rights
Russia cut its crude oil production by less than pledged last month, exceeding a target agreed on in March with the Organization of Petroleum Exporting Countries (OPEC), Bloomberg news reported, citing calculations based on official data.

Daily crude production averaged about 1.285 million tons last month, equivalent to 9.418 million barrels per day, Bloomberg said, citing anonymous sources from energy ministry data.


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