- Home
- Business
- News
- Russia's Liquids Production Expected to Grow to 10.61 Mln Barrels Per Day in 2021 - OPEC
Russia's Liquids Production Expected To Grow To 10.61 Mln Barrels Per Day In 2021 - OPEC
Muhammad Irfan Published May 11, 2021 | 04:37 PM
The Organization of the Petroleum Exporting Countries (OPEC) has improved its forecast for Russia's oil and gas condensate production this year and expects it to increase by 20,000 barrels per day, to an average of 10.61 million barrels
MOSCOW (UrduPoint News / Sputnik - 11th May, 2021) The Organization of the Petroleum Exporting Countries (OPEC) has improved its forecast for Russia's oil and gas condensate production this year and expects it to increase by 20,000 barrels per day, to an average of 10.61 million barrels.
"Russia's liquids production in April increased m-o-m to average 10.76 mb/d, as per preliminary data, and was also higher by 0.06 mb/d y-o-y. With this, Russia's liquids production in 2Q21 was revised up by 72 tb/d to average 10.66 mb/d, and is expected to remain at this level for 2H21," OPEC said in its monthly report.
According to the report, released on Tuesday, Russia's annual liquids production in 2020 is estimated to have declined by 1.02 million barrels per day year on year, to average 10.59 million barrels per day.
"For 2021, Russian total liquids production is forecast to grow by 0.02 mb/d y-o-y to average 10.61 mb/d," OPEC said.
In its previous report, OPEC said that Russia's total liquids production was expected to average 10.60 million barrels per day this year.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
4 hours ago -
US stocks rebound on tech earnings, London hits new record
4 hours ago -
US approves gene therapy treatment for hemophilia
3 hours ago -
KATI president for inclusion of agri sector in tax net
3 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
5 hours ago -
Police to take every step for security of business community: IGP
5 hours ago
-
WB director, Planning minister discuss reforms in development projects
5 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
7 hours ago -
FBR’s data protection efforts commended by OECD assessment team
7 hours ago -
US stocks rebound on tech earnings, London hits new record
7 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
7 hours ago -
SBP to announce monetary policy on April 29
7 hours ago