Russia Petroleum, Energy Liquids Output Seen At 9.9Mln Barrels Daily In 2023 - US EIA
Faizan Hashmi Published February 07, 2023 | 11:29 PM
Russia's production of petroleum and other energy liquids is expected to average 9.9 million barrels per day this year, down 1.1 million from 2022, the US Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday
WASHINGTON (UrduPoint News / Sputnik - 07th February, 2023) Russia's production of petroleum and other energy liquids is expected to average 9.9 million barrels per day this year, down 1.1 million from 2022, the US Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.
"Our forecast for Russia's 2023 production is 0.4 million b/d more than in the January STEO because crude oil liftings data suggest that Russia's exports have remained higher than we expected following the EU's ban on seaborne imports of crude oil from Russia that began on December 5," the EIA said.
The EIA, which serves as the statistical arm of the US Energy Department, also said that it expected Russian oil production to taper in the later part of the year.
"We still forecast Russia's oil production to fall in the coming months, as we expect the EU's ban on seaborne petroleum products from Russia that began February 5 will cause refineries in Russia to reduce crude oil inputs, which will disrupt crude oil production," the EIA added.
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 World
-
Taiwan hit by several quakes, strongest reaching 6.1-magnitude
1 minute ago -
'Ballistic' Bairstow stars as Punjab pull off record T20 chase
1 minute ago -
Tennis: ATP/WTA Madrid Open results - 2nd update
1 minute ago -
Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
1 hour ago -
Two Kyiv hospitals evacuating over feared Russian strikes
1 hour ago -
World must act on neurotech revolution, say experts
1 hour ago
-
Charles & Catherine's cancer diagnoses
2 hours ago -
King Charles to resume some public duties during cancer treatment: palace
1 hour ago -
US defense chief announces $6 bn in security aid for Ukraine
1 hour ago -
Woman stabbed in Israel, attacker killed: police
2 hours ago -
Israeli-fired unexploded bombs could take 14 years to clear: UN
1 hour ago -
US announces $6 bn in security aid for Ukraine
1 hour ago