Posted inExploration & Production

Russian oil supply to hit new record in July 2022 and peak in 2023

Russia’s current monthly oil and condensate production record was set in December 2018 with 11.5 million bpd

The OPEC+ coalition’s recent agreement to steadily raise oil production is paving the way for Russia to slowly shrug off Covid-19 curtailments. The country is on track to set a new monthly crude and condensate output record of 11.6 million barrels per day (bpd) already in July 2022, a Rystad Energy analysis reveals. Russia’s oil […]