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In time for a new OPEC deal: How did Russia cut 300,000 b/d?

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Report summary

Following the agreement with OPEC in November 2016, Russia had cut 300,000 b/d of oil production. For long, scepticism prevailed over Russia’s promise. So how did it achieve this? What was the impact for Russian oil companies? And what is next, with a possible extension to be discussed on 25 May 2017?  

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    In time for a new OPEC deal: How did Russia cut 300,000 b/d?

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This report includes 3 images and tables including:

Images

  • Russian oil and condensate production
  • Production cut by company
  • Monthly production dynamics by company

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