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Energy and Power

4 Min read

Russia misses the oil target

Published On 22 Oct 2019 10:23 AM


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Russian oil output edged right down to 11.25 million barrels per day last month from August’s 11.29 million BPD; however, it remained on top of the cap set under the worldwide production deal. Accord reached between the Organization of the Petroleum Exporting Countries and allied producers, Russia has united to cut back output by 228,000 BPD from October 2018 baseline. Energy Minister Alexander Novak has aforementioned the reduction dest....


Tags : oil target, BPD, OPEC,
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