Finance

Russian oil output rises in August, OPEC data shows

Published by Global Banking & Finance Review

Posted on September 11, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
Russian oil output rises in August, OPEC data shows
Global Banking & Finance Awards 2026 — Call for Entries

MOSCOW (Reuters) -Russian oil production increased in August to 9.173 million barrels per day, up 50,000 bpd from July, OPEC monthly data showed on Thursday. That was still less than Russia's August

Russia's Oil Production Sees Increase in August, OPEC Reports

Overview of Oil Production Changes

MOSCOW (Reuters) -Russian oil production increased in August to 9.173 million barrels per day, up 50,000 bpd from July, OPEC monthly data showed on Thursday.

Russia's Oil Output

That was still less than Russia's August quota of 9.344 million bpd under an OPEC+ agreement.

Kazakhstan's Oil Production

The OPEC figure was in contrast with the International Energy Agency's assessment, which showed that Russian oil output declined last month by 30,000 bpd to 9.3 million bpd.

Comparison with IEA Estimates

OPEC also said that Kazakhstan's oil output last month dipped by 23,000 bpd to 1.814 million bpd, compared with an IEA estimate of 1.8 million bpd.

(Reporting by Vladimir Soldatkin and Olesya AstalhovaEditing by David Goodman)

Key Takeaways

  • Russian oil production rose by 50,000 bpd in August.
  • Output was below the OPEC+ quota of 9.344 million bpd.
  • IEA reported a decline in Russian oil output for August.
  • Kazakhstan's oil production decreased by 23,000 bpd.
  • OPEC and IEA have differing assessments of oil output.

Frequently Asked Questions

What is OPEC?
OPEC, or the Organization of the Petroleum Exporting Countries, is a group of oil-producing nations that coordinates and unifies petroleum policies to ensure stable oil prices and supply.
What is oil production?
Oil production refers to the process of extracting crude oil from the ground and refining it into usable products such as gasoline, diesel, and other petrochemicals.
What is an oil quota?
An oil quota is a limit set by OPEC or other organizations on the amount of oil that a member country is allowed to produce, aimed at regulating supply and stabilizing prices.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category