Russia has increased the rate of decline of oil production

Россия нарастила темпы сокращения добычи нефти

In February, Russia increased its production cuts at the Vienna agreement, in conformity with its obligations.

Russia last month cut oil production by 0.4% month-on-month and increased 3.5% in the year-up to 11,336 million barrels a day.

By October of last year, production fell by 85 thousand barrels per day. Since that time the transaction is calculated OPEC+. About it reports Bloomberg with reference to data of the Central dispatching Department of fuel energy complex.

In January on similar calculations, the reduction in the transaction OPEC+ was 45 thousand barrels. Thus, in February, Russia increased its production cuts at the Vienna agreement, in conformity with its obligations.

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