| |
5 Pages

Russian oil production - freezing at peak?

Russian oil production - freezing at peak?

Report summary

On 17 April, OPEC and Russia along with several other non-OPEC producers will be meeting in Doha to discuss a potential freeze in oil production with the aim to stabilise the oil price. Russia was initially not inclined to enter an agreement with OPEC. However, as the oil price dropped further, pressure on the 2016 budget increased. Russia coordinated a preliminary agreement in February with Saudi Arabia, Venezuela and Qatar to freeze production at January 2016 levels. If an agreement in Doha is reached, the impact would be limited for Russian oil companies. January oil output was at post-Soviet record levels and Wood Mackenzie assumes the annual average for 2016 to be lower.

What's included?

This report includes 2 file(s)

  • Russian oil production - freezing at peak? PDF - 458.66 KB 5 Pages, 0 Tables, 4 Figures
  • Russian Oil Production.xls XLS - 150.00 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
  • The changing Russian position
    • 2015: Little interest
    • 2016: Russia takes the lead
  • Impact of a freeze limited
    • What would the impact on Russia be?

In this report there are 4 tables or charts, including:

  • Executive summary
  • The changing Russian position
    • Monthly Russian liquids production
    • Cash flow breakeven price in 2016
    • The changing Russian position
  • Impact of a freeze limited
    • Key increases in January 2016 vs annual average oil production in 2015
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.