Image: Gazprom platform in Barents straight
|The new year for oil traders ushers in the new game of watching countries complying in the OPEC & Non-OPEC deal. Russia is the big one here for Non_OPEC producers, there daily oil production is at new post-Soviet era high. In December oil production was 47.4 million tonnes, up 3.5% compared to December 2015. Whether Russia comply is whether Russian producers comply. Here is the state of play of Russian oil firms at the end of 2016.|
Russia Oil Production by Company
- Novatek led in oil production growth in Russia last year, +37.6% growth year on year, its oil production grew to 12.46 mln tonnes.
- Gazprom Neft produced 57.79 million tonnes of oil, +6.7% growth year on year.
oil production +6.3%, produced 20.8 mln tonnes
oil production +5.3%, produced 28.69 mln tonnes.
oil production +0.5%, produced 209.96 mln tonnes
oil production +0.4%, produced 61.85 mln tonnes.These companies reduced production;
cut oil production -2.8%, produced 83.57 mln tonnes,
cut oil production -5.2% , produced 7 mln tonnes
- Independent Oil Company
cut oil production - 1.3%, produced to 2.3 mln tonnes.More Energy NewsNatural Gas 2016ís Best-Performing Commodity on Weather, Options & Exports US Oil Rigs Continue to Rise Add 2 to 525 for 9th Week says Baker Hughes Asia Doubles Purchases of Iran Crude Oil Since Sanctions Lifted EIA Oil Inventories Crude +614k Build Gasoline 1593K Draw #TCoil Russia To Use Record Oil Production as Baseline For OPEC cuts Norway Troll Oil Production To Highest Output Level Since 2009 From Istanbul to Vienna The OPEC Oil Production Deal Schedule
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