In Russia, in January-February 2021, the volume of oil and gas condensate production fell by 11.9 percent in annual terms (to 81.6 million tons). Interfax reports this with reference to the report of the Central Dispatch Office of the Fuel and Energy Complex.
Average daily production was at the level of 10.14 million barrels. In February, the country produced 38.56 million tons of raw materials, which is 13.8 percent less than in February last year. Average daily production was 10.1 million barrels. Rosneft became the leader in this indicator.
The price of Brent crude oil on March 2 fell below $ 63 per barrel for the first time since February 22, according to data from the ICE exchange. During the trades, oil dropped to $ 62.54 per barrel.
Exports of raw materials from Russia to non-CIS countries collapsed sharply in January-February 2021. In February alone, supplies fell by 25.2 percent, to 15.39 million tons. The average daily figure was 4.03 million barrels.