The Organization of the Petroleum Exporting Countries (OPEC) maintained its forecasts for Russia's oil and condensate production in 2021 and 2022 unchanged at 10.78 million barrels per day (mb/d) and 11.78 mb/d respectively.
"Annual liquids production in 2021 is forecast to increase by 0.19 mb/d y-o-y to average 10.78 mb/d, unchanged m-o-m [month-on-month]. For 2022, Russian liquids output is expected to increase by 0.99 mb/d to average 11.78 mb/d," the OPEC said in its fresh monthly oil market report. (ANI/Sputnik)
( With inputs from ANI )
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