Russian oil companies were able to quickly restore physical indicators of oil production and supply after the fall in the spring of 2022. About Wrote RBC publication citing a report by analysts from the ACRA rating agency.
According to the Ministry of Energy, the total volume of raw materials production in Russia in the January-October 2022 period increased by 2.4% compared to the same period of 2021, reaching 443 million tons.
The dynamics turned out to be different throughout the year: production decreased by 4.1% in March and by 2.4% in April, but increased by 2.7% in June (all data on an annual basis).
In the second half of May, Deputy Prime Minister of Russia Alexander Novak knowledgeableIt was stated that oil production in Russia, which was 524 million tons, could decrease to 480-500 million tons by the end of 2022. Novak this week aforementionedRussia may reduce oil production due to the uncertain situation, but not by much.
Then Deputy Prime Minister registeredHe said that the ceiling price of Russian oil will affect the sale of products to national companies, export markets, but the energy source will be in demand.