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

Russian oil production declines by 9% in April

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.

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …