Russia’s Oil Output Hits Post-Soviet High Despite OPEC+ Deal
- The nation produced an average 11.25 million b/d in 2019
- Russia’s Novak has questioned future cooperation with OPEC
An oil worker inspects a pumping jack during drilling operations in an oilfield operated by Bashneft PAO in the village of Otrada, 150kms from Ufa, Russia.
Photographer: Andrey RudakovThis article is for subscribers only.
Russia’s crude oil and condensate output hit a post-Soviet high last year even as it curbed production under an agreement with OPEC.
The 11th consecutive year of output growth underscores the reality of Russia’s cooperation with the Organization of Petroleum Exporting Countries. Despite being one of the architects of the original 2016 deal, Moscow has a poor record of fulfilling its pledged production cuts and has come under pressure from its allies to do better.