The production of oil and gas condensate in Russia collapsed by 10.9 percent (up to 125.06 million tons) in the first quarter of 2021 compared to the same period last year. Reports about it “Interfax” with reference to the report of the CDA TEK.
The average daily mining was at the level of 10.19 million barrels. In March, 43.34 million tons of oil with gas condensate were mined in March, which is 9.3 percent lower than March 2020.
previously became known that OPEC countries + decided to increase oil production. The agreement provides for an increase in the extraction of raw materials in May by 350 thousand barrels per day, in June – as much as, and in July – by 450 thousand barrels.
The Ministry of Finance of Russia reported that over the past year, in relation to the beginning of April, the Russian variety of oil Urals went up by two times – from 29.17 to 63.62 dollars. At the same time, the average price for the first quarter (from January to March) of this year amounted to 59.8 dollars per barrel against $ 48.18 a year earlier. Thus, the growth was 24.1 percent.