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Russia set for US$9 billion windfall from OPEC agreement

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Report summary

Throughout 2016, Russia has been pumping oil at record levels. The agreement with OPEC to reverse this by cutting 300,000 b/d will have implications for both the country’s budget and its oil companies. It will also test the appetite to cooperate among OPEC, Russia and other non-OPEC countries, like Kazakhstan and Azerbaijan, as important details are yet to be clarified.

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    Russia set for US$9 billion windfall from OPEC agreement

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Table of contents

  • A long road
  • Implications for Russia
  • Caspian states to join a wider non-OPEC deal
  • Focus on the detail, not the headlines

Tables and charts

This report includes 2 images and tables including:

Images

  • Monthly Russian liquids production
  • Impact of production cut by company

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