OPEC retains forecast for Russian oil and condensate output in 2022

OPEC has maintained its forecast for the growth of oil and condensate production in Russia in 2022 to 11.76 million barrels per day, an increase compared to last year will be 0.96 million barrels per day, Report informs referring to the March report of OPEC.

The document says that due to current geopolitical events, the assessment may be revised.

The volume of liquids production in Russia is expected to increase by 0.96 million bpd in 2022 to average 11.76 million bpd, the current estimate remains unchanged compared to the previous one.