Russian Crude Production Up Slightly, Gas Output Sees Healthy Increase

摘要

Russia continued to demonstrate minor yearon- year crude oil production growth of close to 0.1% in November, while gas output was up by more than 5% due to the beginning of cold weather. Russian crude oil and gas condensate production stood at 10.63 million barrels per day (43.5 million metric tons) last month, up a minor 0.08% on the year, according to preliminary data from the country's energy ministry. Although Russian officials say this year's output will remain steady with last year's at roughly 525 million tons (10.5 million b/d), output is expected to start declining next year as a result of lower oil prices.