Russia said it would cut its roughly 10 million b/d oil production by 5% in retribution of Western sanctions amid the Kremlin’s nearly year-long war in Ukraine. The decision follows steps by Russia in 2022 to slash the bulk of natural gas exported via pipeline to the European Union (EU) – moves that hastened calls…
Tag / Production cuts
SubscribeProduction cuts
Articles from Production cuts
At Saudi’s Urging, OPEC-Plus Holds the Line on Oil Production
Members of the Organization of the Petroleum Exporting Countries and its allies, aka OPEC-plus, agreed on Thursday to hold the line on oil production in April. The alliance was following the lead of Saudi Arabia energy ministers who argued to keep output steady as producers gauge the success of coronavirus vaccines and the potential for…
March 4, 2021
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
