OREANDA-NEWS According to the results of July 2024, oil production in Russia decreased by 10 thousand barrels per day compared to the June figure. This is reported by TASS with reference to statistical data from analysts of the International Energy Agency (IEA).

In the second summer month, the average daily volume of oil production in Russia amounted to 9.23 million barrels. At the same time, taking into account the voluntary reductions under the OPEC+ deal, the figure should have been at the level of 8.98 million. Thus, in July, Russia did not fulfill the plan by 250 thousand barrels per day.

According to the Ministry of Energy, the decrease in average daily oil production in Russia amounted to 67 thousand barrels in July. The department linked such dynamics, among other things, with the schedule of supplies of raw materials. It is expected that the situation will be corrected in the coming months.

Earlier, the Vedomosti newspaper, citing sources, reported a decrease in the commissioning of new oil wells in Russia. According to the results of the first half of 2024, a total of 3,657 such facilities were put into operation. In annual terms, the indicator decreased by 12 percent.