Russia’s Oil Output Jumps as Effect of Gazprom Fire Wanes
- Data show Russia pumped 10.68 million b/d from Sept. 1-13
- Gazprom’s condensate output may be recovering in West Siberia
Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields in Salym, Russia.
Photographer: Andrey Rudakov/Bloomberg
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Russia’s crude oil and condensate output jumped in the first weeks of September as some of the nation’s key producers ramped up in line with the OPEC+ deal and Gazprom PJSC recovered from a fire at a facility in West Siberia.
The nation pumped an average of 1,456.9 thousand tons of oil per day between September 1 and 13, according to data from the Energy Ministry’s CDU-TEK unit seen by Bloomberg. That equals 10.679 million barrels per day, based on a 7.33 barrel-per-ton conversion ratio, which is 2.4% above August’s level.