Russian oil output flat on month at 10 million b/d in December
Russia produced 42.46 million mt of crude and condensate in December, equivalent to around 10.04 million b/d, according to preliminary data released by the central dispatching unit of the Russian energy ministry Jan. 2.
Output was up slightly on the 41.03 million mt, or 10.03 million b/d produced in November 2020.
Production was down 11% on the 47.65 million mt, or 11.27 million b/d produced in December 2019. This was due to deeper output cuts under the OPEC + agreement in 2020 compared with 2019.
Total crude production reached 512.68 million mt in 2020, equivalent to around 10.27 mil b/d, down 8% on year.
Russia's quota for crude production under the agreement was 8.99 million b/d for August-December, 2020. The deal does not include condensate. Russia has not released a breakdown for crude and condensate production in December, but condensate usually accounts for around 8% of overall output.
From January Russia's quota increases by 125,000 b/d.
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发表于 2021-1-7 08:57
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