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According to foreign media on July 11, according to analysts, if the country's agreement with OPEC and its partners allow, Russian oil producers may be able to increase production
by almost 600,000 barrels per day in the next 9 to 18 months.
After OPEC's decision in June and its oil production partners raised production by 1 million bpd from May levels, Russia has promised to add another 200,000 bpd to the market
.
The return of Russian oil is an important factor
in measuring the market at the moment.
"I think it is realistic to increase production to 600,000 barrels per day in the first half of 2019, but Russian companies need to significantly ramp up drilling to increase production," said an analyst from Sberbank CIB
.
The EIA precisely explains that spare capacity as a crude oil volume can begin to flow out within thirty days and can remain for at least ninety days
.
In June, Russian oil production rose by 89,400 barrels per day to 11.
063 million barrels per day
as oil producers tested to gauge how quickly production could grow.
According to foreign media on July 11, according to analysts, if the country's agreement with OPEC and its partners allow, Russian oil producers may be able to increase production
by almost 600,000 barrels per day in the next 9 to 18 months.
After OPEC's decision in June and its oil production partners raised production by 1 million bpd from May levels, Russia has promised to add another 200,000 bpd to the market
.
The return of Russian oil is an important factor
in measuring the market at the moment.
"I think it is realistic to increase production to 600,000 barrels per day in the first half of 2019, but Russian companies need to significantly ramp up drilling to increase production," said an analyst from Sberbank CIB
.
The EIA precisely explains that spare capacity as a crude oil volume can begin to flow out within thirty days and can remain for at least ninety days
.
In June, Russian oil production rose by 89,400 barrels per day to 11.
063 million barrels per day
as oil producers tested to gauge how quickly production could grow.
