Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Russia increases oil production despite OPEC deal

Russia increases oil production despite OPEC deal

Despite the previously concluded agreement between OPEC and its allies to extend oil output cuts, Russia increased its crude oil and gas condensate output to 11.29 million barrels per day in August. This is above the agreed level permitted by this agreement.This summer, Russia, OPEC members, and a number of independent oil producers have agreed to maintain oil production limit in order to stabilize prices in the world market. In accordance with the commitments undertaken by Russia, oil production in the country should be kept within the range of 11.17 million – 11.18 million barrels per day. The agreement is valid until the end of March 2020.Earlier, Russian Energy Minister Alexander Novak declared that the OPEC deal would hardly be fully implemented. At the same time, the official pointed out that Russia would still strive for its 100 percent realization.Brent crude is currently trading at around $59 a barrel. In July 2019, Russian daily oil output averaged 11.15 million barrels. In August, the total oil and gas condensate production amounted to 47.763 million tons against 47.149 million tons in the previous month.In the last month of the summer, gas production reached 55.48 billion cubic meters, or 1.79 billion cubic meters per day. In July, the figure stood at 54.66 billion cubic meters, or 1.76 billion cubic meters per day.


See aslo