Russian data show the nation's crude production in October was nearly in-line with its OPEC quota
Russia n data show the nation’s crude production in October was nearly in-line with its OPEC quota. The country pumped 8.973 million barrels a day of crude last month, up by 3,000 barrels a day compared with September, and just 5,000 barrels a day above the nation’s quota for the month.
According to commodity analysts at Standard Chartered, the compensatory output cuts by the three OPEC members work out to a combined 370 kb/d reduction in October, and then an amount varying between 162 kb/d and 206 kb/d for November 2024 through to September 2025.
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