RUSSIAN OIL PRODUCTION UPDOWN
RUSSIAN URALS OIL PRICE 2021, MAY - 2-22, MAY

RUSSIAN OIL PRODUCTION UPDOWN

Vladimir Vinogradov Vladimir Vinogradov

Vladimir Vinogradov

WOGNEWS.NET, Global Energy Market Climate Changes News. Новости мирового энергетического рынка, изменений климата.

发布日期: 2022年5月19日
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Russian deputy prime minister Alexander Novak said May 19 that after a fall of 1 million b/d in April, Russian oil production has risen by 200,000-300,000 b/d in May and will continue to increase next month.

Following its invasion of Ukraine and harsh sanctions imposed by the West on Russian oil producers and exporters, the country's oil output has been significantly affected.

Russia's crude output plunged to 9.14 million b/d in April, far below its quota of 10.44 million b/d under the OPEC+ crude production agreement, which does not include condensates.

If the EU bans imports of Russian oil, the country will redistribute these volumes, Novak added.

Novak said during the New Horizons government conference May 19 that "there will simply be price increases. The oil that they bought from us, they will have to buy elsewhere and pay more for it."

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