Russian March Oil Output Grew Amid More Generous OPEC+ Quota
- Crude and condensate production at 10.249 million barrels/day
- Russia can keep pumping more in April-July amid OPEC+ deal
This article is for subscribers only.
Russia increased its oil production in March amid a more generous OPEC+ quota, even as rising coronavirus cases threaten oil demand in the short-term.
The nation pumped 43.34 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That equates to 10.249 million barrels a day, based on 7.33 barrel-per-ton conversion ratio, or 1.3% more than in February.