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Russia Ends 2015 With Weekly Oil Production Setting a Record

  • December production close to monthly record set in November
  • Nation's oil companies have withstood collapse in crude price
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Will Oil Keep Dominating Headlines in 2016?

Russia’s oil output is poised to reach a post-Soviet record of 10.86 million barrels a day this week as the nation’s producers continue to withstand the slump in prices, according to Energy Ministry data.

The country’s crude and gas condensate production for the whole of December is on track to average 10.783 million barrels a day, almost matching November’s record of 10.785 million, according to Bloomberg estimates based on the data.