BR100 Decreased By (-0.6%)
BR30 Decreased By (-1.11%)
KSE100 Decreased By (-0.5%)
KSE30 Decreased By (-0.45%)
AGHA 6.72 Increased By ▲ 0.04 (0.6%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 56.56 Decreased By ▼ -0.76 (-1.33%)
BOP 30.13 Decreased By ▼ -0.22 (-0.72%)
CNERGY 13.01 Decreased By ▼ -0.11 (-0.84%)
CSIL 5.35 Decreased By ▼ -0.06 (-1.11%)
FCCL 52.29 Decreased By ▼ -0.50 (-0.95%)
FFL 14.58 Decreased By ▼ -0.14 (-0.95%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.14 Increased By ▲ 0.05 (0.82%)
KOSM 6.16 Increased By ▲ 0.43 (7.5%)
LOTCHEM 26.26 Decreased By ▼ -0.20 (-0.76%)
MLCF 91.51 Decreased By ▼ -1.65 (-1.77%)
NBP 163.90 Decreased By ▼ -0.76 (-0.46%)
NCPL 53.64 Decreased By ▼ -2.02 (-3.63%)
NPL 58.99 Decreased By ▼ -2.17 (-3.55%)
OGDC 314.50 Decreased By ▼ -2.23 (-0.7%)
PACE 9.90 Increased By ▲ 0.03 (0.3%)
PAEL 35.19 Decreased By ▼ -0.44 (-1.23%)
PIBTL 14.64 Decreased By ▼ -0.04 (-0.27%)
PPL 222.01 Decreased By ▼ -4.90 (-2.16%)
PRL 92.00 Decreased By ▼ -1.02 (-1.1%)
PTC 59.40 Decreased By ▼ -0.86 (-1.43%)
SSGC 23.26 Decreased By ▼ -0.55 (-2.31%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.68 Decreased By ▼ -0.12 (-1.54%)
TPL 22.11 Decreased By ▼ -0.24 (-1.07%)
TPLP 12.60 Decreased By ▼ -0.37 (-2.85%)
TREET 21.89 Decreased By ▼ -0.27 (-1.22%)
TRG 56.50 Decreased By ▼ -0.06 (-0.11%)
Markets

Russian April oil output edges down to 10.86mn bpd

Published Updated

imageMOSCOW: Russian oil production edged lower in April 1-28 to 10.86 million barrels per day (bpd) from a record 10.91 million in March, two sources close to the Energy Ministry told Reuters on Friday.

The preliminary statistics show Russia is determined to keep oil output high after the world's leading crude producers failed to clinch a deal to freeze output to support weak crude prices.

The sources said seasonal maintenance at oilfields and refineries brought production down.

Production still running above the 2015 average of 10.73 million bpd, however, which was the highest yearly output for nearly three decades.

Russian oil output has repeatedly surprised on the upside over the past decade, rising from as low as 6 million bpd at the turn of the millennium.

Oil experts have repeatedly predicted a decline but it has yet to happen.

Official data for April is due to be published on May 2.

Copyright Reuters, 2016

Comments

Comments are closed for this article.