As Russia's military invasion of Ukraine continues and crude oil prices remain high, major oil-producing countries, including Russia, have decided to keep production in June at a modest increase in line with the original plan. We forgot to increase production.
OPEC, led by Saudi Arabia, and major oil-producing countries such as Russia met online on the 5th to discuss next month's crude oil production.
As a result, we decided to keep the existing plan and limit the production to a small increase of 432,000 barrels per day.
As Russia's military invasion of Ukraine continues and crude oil prices remain high, consuming countries are calling for increased production, but oil-producing countries have stated in a statement that "the supply and demand of crude oil is balanced." This time as well, we have forgotten an additional increase in production.
The IEA = International Energy Agency has pointed out that supply from oil-producing country Russia, which is subject to strict economic sanctions, may decrease by 3 million barrels a day compared to March after this month, but stockpiling by consuming countries It is said that the release of energy will not lead to a sudden tightening of supply and demand.
However, as the EU-European Union has announced a policy to ban oil imports from Russia as an additional sanction against Russia, it is possible that crude oil prices will remain high for the time being.
Expert “Russia will not support increased production in the future”
Cristol Energy, an energy consulting firm in London, said that major oil-producing countries have forgotten to increase production again. It seems to be strengthening. "
On top of that, "Russia's main source of income is energy exports, and it goes without saying that it is benefiting from current crude oil prices. Currently, Russian crude oil is traded cheaper than other crude oil, but it is still It is making a lot of money for the Russian government. We would like to avoid increasing production and causing prices to fall. " ..