Russian Oil Producers Keep April Output Flat Ahead of OPEC+ Cuts
- The nation produced 11.289 million barrels a day on April 1-23
- Russia to cut daily output by 2.5 million barrels in May-June
Oil pumping jacks stand in an oilfield near Almetyevsk, Tatarstan, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s crude oil and condensate production has held steady so far in April as the nation gets ready to deliver its largest ever output cuts in tandem with other global suppliers.
The country’s producers pumped 35.422 million tons of oil from April 1 to April 23, according to data from the Energy Ministry’s CDU-TEK unit seen by Bloomberg. That’s equal to 11.289 million barrels a day, based on a 7.33 barrel-per-ton conversion ratio. The nation pumped just over 11.29 million barrels a day in March.