RSS   Newsletter   Contact   Advertise with us

OPEC raises Russia's oil output forecast

Share on Twitter Share on LinkedIn
Staff Writer | June 13, 2018
OPEC has increased its outlook for Russia's oil output this year by 0.03 million barrels per day to 11.07 million barrels, according to OPEC's June oil market report.
Oil rigs
Oil exploration   Given the output level over the past few months...
"Given the output level over the past few months, data for the first quarter of 2018 were revised upwards by 0.18 million barrels per day from the forecasted level of 10.98 million barrels per day to 11.16 million barrels per day," RIA Novosti cited the report as saying.

OPEC's estimate of the volume of oil production in Russia last year remains at the level of 11.17 million barrels per day.