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Russia was producing 9.8 mln barrels of oil daily in January, February — OPEC

It is estimated that the discount for the Russian Urals oil blend in Northwestern European ports in February increased by $1.31 against January and stood at $35.72 per barrel

TASS, March 14. Oil production without gas condensate in Russia was at the level of 9.8 mln barrels daily in each of January and February 2023, the Organization of Petroleum Exporting Countries (OPEC) said in its March report.

Russia boosted liquid hydrocarbons production by 36,000 barrels daily to 11.2 mln barrels per day in January, OPEC said. In 2023, the indicator is expected to drop by 0.7 mln barrels daily to 10.1 mln barrels a day. The forecast for oil production in Russia is characterized by a high degree of uncertainty, the Organization said.

The discount for the Russian Urals oil blend in Northwestern European ports in February increased by $1.31 against January and stood at $35.72 per barrel, OPEC estimated.

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