Russia produced 42.81 million mt of crude and condensate in April, equivalent to around 10.46 million b/d, according to preliminary data released by the central dispatching unit of the Russian energy ministry on May 2. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Daily average production was up 2% from 10.26 million b/d in March. Total output in March was 43.4 million mt. Increases in month-on-month output volumes in early 2021 reflect gradual increases in Russia’s crude production quota agreed under the OPEC + deal from the beginning of the year. Production was down 8% from April 2020 volumes of 46.41 million mt or 11.34 mil b/d. Lower output volumes in early 2021 compared with early 2020 reflect more significant crude production cuts under the OPEC + agreement from May 2020 introduced in response to the impact of the coronavirus pandemic. From the […]