MOSCOW (Pakistan Point News / Sputnik - 13th April, 2021) The Organization of the Petroleum Exporting Countries (OPEC) slightly downgraded its forecast for Russia's oil and condensate production and now expects it to total 10.6 million barrels daily, compared to 10.7 million barrels daily in the previous report.
"Russia's liquids production in March increased m-o-m [month-on-month] to average 10.55 mb/d, as per preliminary data, but was lower by 1.11 mb/d y-o-y ... For 2021, Russian total liquids production is forecast to grow by 0.01 mb/d y-o-y to average 10.60 mb/d," OPEC said in its fresh oil market report.
