Russia and FSU – Jun / Jul 2017

Published at 12:02 2 Aug 2017 by . Last edited 17:30 2 Aug 2017.

Russian oil output was steady m/m at 10.95 mb/d in July (95% compliance), higher y/y by just 70 thousand b/d. By September, we expect production to move lower y/y. While Gazprom Neft’s output rose, production fell at Rosneft, Bashneft and Surgutneftegaz’s operations. Russian crude exports were fair..

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