Oil production in Russia fell in August for the first time since April - IEA
Oil and condensate production in Russia in August decreased by 170 thousand barrels per day (b / d) compared with July, to 10.96 million b / d. Such data are provided by the International Energy Agency (IEA). By the end of the year, it expects a further decline, especially in December, when the oil embargo comes into force. At the beginning of next year, production will be at the level of 9.6 million b / d, the IEA predicts.