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Russian oil production failing to meet quotas, Venezuela production hits 3yr high

Dec. 28, 2021 10:11 AM ETUSO, XOP, GZPFY, CO1:COM, CL1:COMBy: SA News Team28 Comments

Petroleum, petrodollar and crude oil concept : Oil pump jack and flag of OPEC or Organization of Oil Exporting Countries, depicts the investment in the development or production of global oil industry

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  • Per the OPEC+ oil production agreement, Russia's oil quota for December stands at 10,018kb/d, up ~100kb/d from the November quota of 9,913kb/d.
  • However, per Reuters sources, Russian production is likely to remain flat MoM in December, suggesting

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