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What will be Russia's total oil output deviation from OPEC+ quota for 2024?
3
Resolution / Starting Odds
Below 100,000 b/d • 25%
Between 100,000 and 200,000 b/d • 25%
Between 200,000 and 300,000 b/d • 25%
Above 300,000 b/d • 25%
Russian Energy Ministry's public reports
Story
Russia Reduces July Oil Output, Nears OPEC+ Quota
Aug 9, 2024, 11:42 AM
Russia reduced its oil output in July, moving closer to its OPEC+ quota. According to sources familiar with data from the Energy Ministry, Russia produced 9.045 million barrels per day (b/d) in July, a decrease of 33,000 b/d from June. This output was about 67,000 b/d above Moscow's target under the OPEC+ agreement. The Russian Energy Ministry confirmed the decrease and reiterated Russia's commitment to the compensation schedule presented to OPEC. The overproduction was attributed to one-off issues with the supply schedule.
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Increase by more than 5% • 25%
Decrease by more than 5% • 25%
Remain within +/- 5% • 25%
Other • 25%
Significant increase in oil prices • 25%
Significant decrease in oil prices • 25%
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Decrease • 25%
Remain the same • 25%
No data available • 25%
Less than 3 million bpd • 25%
3 - 3.65 million bpd • 25%
3.65 - 4 million bpd • 25%
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No Change • 25%
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Below 40 million bpd • 25%
40-41 million bpd • 25%
41-42 million bpd • 25%
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5% to 10% reduction • 25%
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Above 90% • 25%
Between 80% and 90% • 25%
Between 70% and 80% • 25%
Below 70% • 25%