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Russia’s crude production stayed below OPEC+ target in June

Bloomberg
Bloomberg • 2 min read
Russia’s crude production stayed below OPEC+ target in June
Oil storage tanks at a refinery in Tuapse, Russia. Photo: Bloomberg
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Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

Russian producers pumped 9.022 million barrels a day last month, the people said, asking not to be identified because the information isn’t public.

That’s 28,000 barrels a day below the required level for the month, including compensation cuts, and the biggest gap this year between the nation’s output and its monthly quota, Bloomberg calculations show.

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