*Output, shipments down on year due to OPEC+ quotas Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now *Daily average exports down 1.5% on month Russia produced 42.46 million mt of crude and condensate in December, equivalent to around 10.04 million b/d, according to preliminary data released by the central dispatching unit of the Russian energy ministry Jan. 2. Output was up slightly on the 41.03 million mt, or 10.03 million b/d produced in November 2020. Production was down 11% on the 47.65 million mt, or 11.27 million b/d produced in December 2019. This was due to deeper output cuts under the OPEC + agreement in 2020 compared with 2019. Total crude production reached 512.68 million mt in 2020, equivalent to around 10.27 mil b/d, down 8% on year. Russia’s quota for crude production under the agreement was 8.99 million b/d for […]