According to OPEC, average daily oil production in Russia in May decreased by 119 thousand barrels to 9,182 million barrels. This was reported by TASS referring to the organization’s report and its own calculations.
In April, this figure was 9.301 million barrels per day. Production reached 9,431 million barrels per day in the first quarter and 9,581 million barrels per day in 2023.
“OPEC did not provide data on condensate production volumes in the Russian Federation. The report stated that oil exports from Russia and Central Asia decreased by 3% annually to 6.6 million barrels in April.
The supply of petroleum products from the region decreased by more than 12% compared to March and by 7% as of April 2023, falling to 2.2 million barrels per day.
At the same time, oil and gas revenues of the Russian budget in the January-May period increased by 73.5% on an annual basis to 4.95 trillion rubles, the Ministry of Finance previously reported.
Before that, Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) statedHe said that the losses of European Union countries due to the decrease in Russian gas supplies have already reached 700 billion Euros this year, and by the end of 2024, this figure will rise to 1 trillion Euros.
Before the EU started argument Continuation of gas supply from the Russian Federation via Ukraine
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Source: Gazeta
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