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Russia’s Oil Output Rose Slightly in April Ahead of OPEC+ Cuts

  • Russia produced 11.349 million b/d: calculations based on IFX
  • Russia will cut daily output by 2.5 million barrels in May
The RN-Tuapsinsky refinery, operated by Rosneft Oil Co., stands in Tuapse, Russia.

The RN-Tuapsinsky refinery, operated by Rosneft Oil Co., stands in Tuapse, Russia.

Photographer: Andrey Rudakov/Bloomberg

Russia slightly increased its crude oil and condensate production in April ahead of the biggest-ever output cuts under the new OPEC+ deal.

The country’s producers pumped 46.45 million tons of oil last month, Interfax reported, citing preliminary data for April from the Energy Ministry’s CDU-TEK unit. The figure, which may be rounded, equates to about 11.349 million barrels a day on average, based on the standard 7.33 barrels-per-ton conversion ratio. Russia produced 11.298 million barrels a day in March.