BAKU, Azerbaijan, June 15. Russian liquids production in 2023 will decrease by 0.75 mb/d, averaging 10.28 mb/d, Trend reports.
According to the latest assessment from OPEC, the projection for the country's output for the current year remained unchanged from the previous month's assessment.
This forecasted contraction takes into consideration recently announced voluntary production adjustments until the end of 2023.
In April, Russian liquids production experienced a month-on-month decline of 176,000 b/d, averaging 10.9 mb/d. This includes 9.6 mb/d of crude oil and 1.4 mb/d of NGLs (natural gas liquids) and condensate.
In 2022, Russian liquids output is estimated to have increased by 0.2 mb/d compared to the previous year, averaging 11.0 mb/d. This estimate remains broadly unchanged from the previous month's assessment.