Open Demo Account
Home / Economic Report / Daily Economic Reports / Russian oil production declines by 9% in April

Russian oil production declines by 9% in April

Adel 17 May, 2022 1:58 pm Daily Economic Reports, Economic Report, Forex Market, Market Update

An internal report seen by Reuters showed today, Tuesday, that Russian crude oil production fell by about 9% to 9.16 million barrels per day, based on assessments of sources from OPEC +.

The report stated that the commitment of members of the OPEC + group to production cuts rose to 220% in April from 157% in March, and that OPEC + production was below the target level by 2.6 million barrels per day in April.

Tags

Check Also

Financial Markets’ Weekly Recap: Traders closely watch Fed’s signals

In this report, we take a look back at the latest five trading days with …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends