Market Weekly: Jan 1 Jan 5 2018


Russia oil production during 2017 a 30-year high

Data from Russia’s energy ministry shows oil and gas condensate production totaled 10.95M bbl/day in December, up from 10.94M in November, while full-year 2017 output averaged 10.98M bbl/day vs. 10.96M bbl/day in 2016 and 10.72M in 2015; Russian natural gas production was 63.5B cm in December from 60.6B cm in November.