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Russia cuts production of liquid hydrocarbons by 40,000 bpd in February to 10.8 mbd — OPEC

In 2025, Russia’s production of liquid hydrocarbons will rise by 0.13 mln barrels per day to 10.88 mln barrels per day, according to OPEC’s projections

MOSCOW, April 11. /TASS/. Russia reduced liquid hydrocarbons production by 40,000 barrels per day in February 2024 month-on-month to 10.8 mln barrels per day, OPEC said in its April report.

The cartel did not provide figures separately on oil output, though its previous reports contained such information. In particular, in January Russia produced 9.5 mln barrels per day of oil excluding condensate in January, according to OPEC.

The organization also expects Russia’s production of liquid hydrocarbons to decrease by around 0.2 mln barrels per day in 2024 to an average of 10.75 mln barrels per day, considering all voluntary oil output restrictions assumed by Moscow within the OPEC+ deal.

In 2025, Russia’s production of liquid hydrocarbons will rise by 0.13 mln barrels per day to 10.88 mln barrels per day, according to OPEC’s projections.

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