Russia's oil output rises in July on firm exports, refinery run recovery, sources say
- London: Russia slightly increased crude and condensate output in July from June by around 100,000 barrels per day (bpd) to above 9 million bpd, supported by strong oil exports and a recovery in refinery throughput, two industry sources told Reuters.
- Oil and fuel sales remain a key source of budget revenue for Russia, prompting Moscow to keep supplies as high as possible despite Western sanctions and repeated attacks on refineries.
- However, in August Russia is unlikely maintain the July output level, the sources said.
Unverified
- London: Russia slightly increased crude and condensate output in July from June by around 100,000 barrels per day (bpd) to above 9 million bpd, supported by strong oil exports and a recovery in refinery throughput, two industry sources told Reuters.
- Oil and fuel sales remain a key source of budget revenue for Russia, prompting Moscow to keep supplies as high as possible despite Western sanctions and repeated attacks on refineries.
- However, in August Russia is unlikely maintain the July output level, the sources said.
Sources: Economictimes