- Sputnik International
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Russia's Daily Oil Output in 2016 Forecast at 10.81Mln Barrels – OPEC

© Flickr / alex.ch OPEC headquarters in Vienna
OPEC headquarters in Vienna - Sputnik International
The Organization of the Petroleum Exporting Countries (OPEC) published on Monday a monthly oil market report, which increases an earlier forecast of Russia's oil output in 2016 by 70,000 barrels per day, to 10.81 million barrels.

Oil production. - Sputnik International
OPEC, Other Oil Producers to Hold Talks in Moscow – Iraqi Oil Ministry
MOSCOW (Sputnik) According to OPEC's February report, Russia's oil output forecast in 2016 amounted to 10.74 million barrels per day.

On a quarterly basis, total oil supply from Russia in 2016 is seen to average 10.99 million barrels per day, 10.79 million barrels per day, 10.71 million barrels per day and 10.76 million barrels, respectively.

According to the report, Russian oil production is expected to decline by 20,000 barrels per day this year compared to the country's daily output in 2015.

To participate in the discussion
log in or register
Заголовок открываемого материала