https://arab.news/4azad
RIYADH: Russia’s Energy Ministry suspended announcement of March oil output data due to technical difficulties, Bloomberg reported.
This comes as the country is struggling to keep up stable pumping rates in light of all the international sanctions.
Information on when the data — which was originally set to come out on April 2 — may be published are yet to be disclosed.
Output, exports, and deliveries to refineries of Russian oil saw steady declines toward the end of March.
Output in the second half of March slipped to below 11 million barrels per day, reflecting a 1.2 percent decrease when compared to the first half of the month.
This is mainly attributed to the restrictions imposed by Western nations and their allies in response to Moscow’s invasion of Ukraine.
That said, local refineries have been urged to bring down processing volumes to curb overstocking.