Russia’s Novak: Average crude oil output seen at 9.8 mln bpd in October

Market news

15 October 2021

Russia’s Novak: Average crude oil output seen at 9.8 mln bpd in October

Russian Energy Minister Alexander Novak said on Friday, “average crude oil output is seen at 9.8 million barrels per day (bpd) in October.”

Key quotes

“Gas production in Russia running at maximum capacity.”

“Spot gas sales could resume once filling of Russian gas storages is completed.”

Market reaction

WTI is consolidating around the $81.50 mark, up 0.85% on the day, having reached fresh multi-year highs at $81.75 earlier on.

Currencies. Daily history for Friday, October 15, 2021

Japan: Tertiary Industry Index , August -1.7%

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