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Russia Oil Production Surged for April Ahead of The Scheduled Production Cut

  • May 04, 2020 02:46 PM AEST
  • Team Kalkine

The oil and Condensate output in Russia surged slightly in April 2020 ahead of the global supply pact to curtail production this month.

  • The oil and condensate output surged by ~ 0.53 per cent against the previous month to stand at 11.35 million barrels per day.
  • Also, the output during the month marked the highest monthly average since January 2019.
  • Russia is now anticipated to slash its oil output by 2.5 million barrels per day for May and June 2020.
Gold MTF non-AMP

 


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