Russian Oil Production Hits 11-Month Low in May

• Monday, 3rd June 2019
• by Editorial Team

Russia’s oil production fell in May to 11.11 million barrels per day (mb/d), down from 11.23 mb/d produced in April, its lowest level since June 2018, according to official data, Reuters reported. The main reason for ...

West Qurna’s Oil Production Reaches 400,000 b/d

• Tuesday, 23rd April 2019
• by Mai El Ghandour

Oil production from Iraq’s West Qurna 2 oil field reached 400,000 barrels per day (b/d), Zawya announced. According to Lukoil, oil output from West Qurna 2 is anticipated to reach 480,000 b/d in 2020 and 800,000 b/d i...

Russia to Consider All Options on OPEC Deal

• Wednesday, 10th April 2019
• by Editorial Team

Russia is yet to take a final decision about whether it will be necessary to extend the current oil output cut deal with the Organization of the Petroleum Exporting Countries (OPEC) and its allies, according to Russia...

Russia’s Oil Output Hits Record in 2015

• Monday, 4th January 2016
• by Egypt Oil & Gas

Russia’s oil output hits post-Soviet record with 10.73mb/d in 2015, up from 10.58mb/d in 2014, as small- and medium-sized energy companies such as Bashneft cranked up the pumps despite falling crude prices, repo...