Russia's oil output up 41,000 bpd in October from September, OPEC data shows
USO•Russia's oil production rose by 41,000 barrels per day in October from September to 8.668 million bpd. Kazakhstan's output increased by 34,000 bpd to 1.887 million bpd.
1. Russian production rises
Russia's oil production increased by 41,000 barrels per day in October from September to 8.668 million bpd, OPEC monthly data showed. Output had declined amid Ukrainian strikes on Russian energy infrastructure, including oil refineries, and stood at an average 9.183 million bpd in the first quarter of this year.
2. Outlook and Kazakhstan
A ceasefire announcement between Russia and Ukraine provided a reprieve from Ukrainian attacks on Russian refineries, which could have facilitated oil output, though the agreement failed to hold in a meaningful way. Russia had downgraded its oil output outlook for this year to a 17-year low because of the conflict with Ukraine. Kazakhstan's oil output rose by 34,000 bpd in October to 1.887 million bpd.
