OPEC announces Russia’s oil production drop

Tuesday 11 June 2024

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OPEC has announced a drop in Russia’s oil production.

OPEC, in its latest monthly report, has reported a continued decrease in Russia’s oil production over the past three months.

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OPEC has announced a drop in Russia’s oil production.Persian

Russia, Saudi Arabia, and some OPEC members and allied countries had previously agreed to voluntarily reduce their oil production, and recently they have also agreed to extend the production cut.

However, OPEC statistics show that Russia’s continuous decline in oil production has accelerated since March of this year, with around 300,000 barrels per day reduced from the country’s oil production over the past three months.

Last month, Russia’s daily oil production had a drop of nearly 120,000 barrels compared to April.

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OPEC has announced a drop in Russia’s oil production.

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