In December, Russia exceeded its plan to voluntarily reduce oil production by 7 thousand b/d.

16:25; 15 January 2025 year

According to the results of December 2024, oil production in Russia amounted to 8.985 million bpd. This follows from the latest monthly OPEC+ report.

At the same time, according to the early agreements on the voluntary reduction of oil production, the Russian Federation was supposed to produce 8.978 million barrels per day of oil. Thus, the country exceeded the plan by 7 thousand b/s.

At the same time, compared with November figures, Russia reduced oil production by 6 thousand bpd. In November, the excess in production was 46 thousand bpd.

According to the plan, Russia should gradually increase oil production starting in April 2025. By September, the production level should reach 9.24 million bpd and remain unchanged until the end of the year.

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