Russia’s Production of Oil And Gas Condensate Decreased to 10.4 M bpd

Russia’s production of oil and gas condensate fell to 10.43 million barrels per day in August from 10.46 million barrels per day in July, according to calculations made by Reuters based on an Interfax report citing data from the Energy Ministry issued on Thursday.

Interfax reported that the total production of oil and gas condensate amounted to 44.09 million tons, compared to 44.24 million tons in July.

The Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, a group known as OPEC+, agreed on Wednesday to continue the policy of phasing out record production cuts by adding 400,000 barrels per day each month.

It was not immediately clear why Russia’s production of oil and gas condensate fell last month.