Tag oil output

The August blip/trough explained

OK, here’s the apparent reason for Russia’s daily oil output inching down by 2%+ this month from the average July rate. Actually, the shortfall has lately narrowed a little to about 30,000 tons per day or 220,000 bpd, less than 2%…

Possibly a blip

According to the preliminary data by the Russian energy statistics agency, in July 2016 Russia produced 45.9 million tons of crude oil and condensate, which translates into 1.48 million tons per day (10.8 mmbpd assuming 7.3 barrels per ton). According…