Russia Raises July Oil Output as Domestic Refineries Ramp Up
- The nation pumped 10.78 million b/d on July 1-17, data show
- Refinery runs rose 6% from June as exports dropped: data
This article is for subscribers only.
The recovery in Russian oil production has continued this month as higher domestic demand offset a slight drop in exports to key markets.
The nation’s producers pumped 10.78 million barrels a day on average from July 1 to 17, according to data from the Energy Ministry’s CDU-TEK unit that was seen by Bloomberg. That’s 0.6% above the June level, according to calculations based on the data, indicating that the pace of the country’s output recovery has slowed.