Advertisement
Singapore markets close in 6 hours 15 minutes

  • Straits Times Index

    3,293.92
    +21.20 (+0.65%)
     

  • Nikkei

    38,333.30
    +781.14 (+2.08%)
     

  • Hang Seng

    17,081.72
    +252.79 (+1.50%)
     

  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     

  • Bitcoin USD

    66,620.43
    -234.45 (-0.35%)
     

  • CMC Crypto 200

    1,433.55
    +18.79 (+1.33%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • Dow

    38,503.69
    +263.71 (+0.69%)
     

  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     

  • Gold

    2,332.10
    -10.00 (-0.43%)
     

  • Crude Oil

    83.31
    -0.05 (-0.06%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • FTSE Bursa Malaysia

    1,567.15
    +5.51 (+0.35%)
     

  • Jakarta Composite Index

    7,162.44
    +51.62 (+0.73%)
     

  • PSE Index

    6,571.37
    +64.57 (+0.99%)
     

Russia sees oil output rising after OPEC+ deal expires in 2022: economy ministry

Reuters
·1-min read
FILE PHOTO: An employee holds a sample of crude oil at the Irkutsk Oil Co-owned Yarakta field in the Irkutsk region

MOSCOW (Reuters) - Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022, data from the economy ministry published on Saturday showed.

Russia, which the ministry expects to produce 507.4 million tonnes of oil this year, is seen increasing its production over the next three years to 560 million tonnes, or 11.2 million barrels per day, in 2023.

Ministry data forecasts an increase in oil exports to 266.2 million tonnes by 2023, slightly lower than last year's exports.

The ministry forecast oil exports of 225 million tonnes this year, down from 269.2 million tonnes in 2019.

(Reporting by Darya Korsunskaya and Vladimir Soldatkin; writing by Gabrielle Tétrault-Farber; editing by Jason Neely)