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Russia ramps up oil output, exports – media

Russian oil production rose by 5% last month after a sharp decline in April, the newspaper Vedomosti reported on Friday, citing a source in the industry. May output amounted to 10.2 million barrels per day, up from 10 million in April. Still, compared to May 2021, production was down by …

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OPEC may exempt Russia from oil output quotas

Some members of the OPEC+ energy group are considering whether to exempt Russia from an oil production deal when they meet on Thursday, The Wall Street Journal (WSJ) reported, citing unnamed OPEC delegates. The delegates are reportedly concerned about the growing economic pressure on Russia and its ability to pump …

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Major carmaker to slash output

Major US carmaker Ford will suspend or cut production at eight of its factories in the US, Mexico and Canada for at least one week, a spokeswoman told Reuters on Friday. Factories in Michigan, Chicago and in Cuautitlan, Mexico will stop work, while the Ford factory in Kansas City will …

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Russia one step closer to reaching pre-pandemic oil output

Russia increased its annual oil output by more than 2% in 2021 amid a gradual easing of production cuts by the Organization of the Petroleum Exporting Countries and allies group (OPEC+), official data shows. According to Interfax news agency, citing data from the country’s energy ministry, Russian oil and gas …

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Global oil prices top 13-month high on slow restart of US output

Brent for April settlement climbed 1.2 percent to above $66 per barrel on the ICE Futures Europe exchange after dropping more than two percent over the previous two sessions. West Texas Intermediate for April delivery gained 1.18 percent to above $62 per barrel. “The positive momentum continues in the oil …

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The output of the shadow economy was a threat to Russia

The output of the shadow economy hinders the economic growth of Russia. This opinion is shared by experts interviewed belong to Gregory Berezkin edition RBC. Under a conclusion of economy from shadow sector implies the involvement of informal activities in the regulated turnover. As a result, the workers in the …

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On output in Ukraine is again expected thunderstorms

Will pass rains with thunderstorms. On output in Ukraine will remain warm weather, but in all regions the rains and thunderstorms. So, on Saturday, may 25, on the territory of Ukraine will pass short-term rains and thunderstorms. In the Western areas the day temperature will be +18…+21 at night +8…+10. …

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