Loading...
Market
What will be Russia's oil production level in June 2024?
4
Resolution / Starting Odds
Below 9 million barrels per day • 33%
Between 9 and 9.393 million barrels per day • 33%
Above 9.393 million barrels per day • 33%
OPEC+ production reports or official data from the Russian Energy Ministry
Story
Russia's May Oil Production Exceeds OPEC+ Quota Despite 344K Barrel Reduction, Deepest Curbs in Over a Year
Jun 13, 2024, 01:07 PM
In May, Russia reduced its oil output by 344,000 barrels per day, producing 9.393 million barrels per day, which fell short of their target. Based on OPEC secondary sources, Russia's crude production fell by 119,000 barrels per day month-on-month to 9.182 million barrels per day. Despite the reduction, Russia's production was still above the OPEC+ quota target of 9.049 million barrels per day. The Russian Energy Ministry acknowledged the overproduction and committed to resolving the issue in June. They also announced plans to compensate for the crude overproduction through September. This marks the deepest curbs in over a year.
View original story
Similar markets
Less than 90 million bpd • 33%
90-95 million bpd • 33%
More than 95 million bpd • 33%
Below 5% • 25%
5-7% • 25%
7-9% • 25%
Above 9% • 25%
Below 400 million barrels • 25%
400-450 million barrels • 25%
450-500 million barrels • 25%
Above 500 million barrels • 25%
Decrease in oil exports • 33%
No change in oil exports • 33%
Increase in oil exports through alternative channels • 34%
Less than 800,000 barrels/day • 33%
800,000 to 899,999 barrels/day • 34%
900,000 barrels/day or more • 33%
