OPEC+ puts pressure on Russia regarding oil production quotas.
yesterday, 11:05
781
Journalist
Shostal Oleksandr
yesterday, 11:05
781
Oil production in Russia remained below OPEC+ plan
According to the latest data, oil production in Russia in May did not reach the planned level of the OPEC+ agreement. This month, 8.979 million barrels per day were extracted, which is slightly less than anticipated. This is 19 thousand barrels less than stipulated in the OPEC+ agreement.
Compliance with production quotas is one of the reasons why OPEC+ is accelerating supply increases. The agreement stipulated an increase in Russia's daily quota, as well as a reduction in production to compensate for previous overproduction, which led to a decrease in the actual volume of oil production in the country.
Impact on the global oil market
Thus, such restraint from exceeding the limits of the OPEC+ agreement may bring changes to the global oil market and its prices.
During May's oil production in Russia, a slight deviation from the OPEC+ agreement was noted, which may affect the global oil market and its dynamics in the future.Read also
- Yermak said when and where Zelensky can meet Trump
- France will launch drone production for the Armed Forces of Ukraine: where it will be launched
- Pension Fund Refused Without Explanation: How to Protect the Right to a Fair Pension
- Rules for cash on delivery will be strengthened: 'Nova Poshta' responded to the fine from the NBU
- The Pension Fund of Ukraine has introduced new rules for employers: data can now be submitted differently
- Supermarkets or markets: Ukrainians were shown where young potatoes have sharply decreased in price
