Skip to content
Subscriber Only

Rosneft Testing Oil Production Increase Ahead of OPEC Talks

  • Russian oil giant raised output by 70,000 b/d: RenCap
  • Russia and Saudi Arabia have signaled easing of supply cuts
Siberian Oil Giant That Bankrolled Soviets May Gush Cash Again
Photographer: Andrey Rudakov/Bloomberg
Updated on

Russia’s largest oil company is testing its capacity to bring back production it cut under a deal between Moscow and OPEC, telling investors it boosted output this week by about 70,000 barrels a day, Renaissance Capital said.

The output test was disclosed by Rosneft PJSC executives to investors and analysts visiting the company’s facilities in Siberia.