WTI Crude •10 mins	33.66	-0.05	-0.15%
Brent Crude •1 hour	35.29	+0.55	+1.58%
Natural Gas •10 mins	1.831	+0.004	+0.22%
Mars US •59 mins	35.06	+1.05	+3.09%
Opec Basket •18 hours	29.03	-0.72	-2.42%
Urals •18 hours	33.90	-0.85	-2.45%
Louisiana Light •18 hours	34.60	-1.60	-4.42%

	Louisiana Light • 18 hours	34.60	-1.60	-4.42%
	Bonny Light • 2 days	33.28	-0.79	-2.32%
	Mexican Basket • 18 hours	27.37	+0.07	+0.26%
	Natural Gas • 10 mins	1.831	+0.004	+0.22%
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Marine •2 days	34.90	-0.14	-0.40%
Murban •2 days	34.63	-0.48	-1.37%
Iran Heavy •2 days	30.55	-0.84	-2.68%
Basra Light •2 days	36.80	-1.61	-4.19%
Saharan Blend •2 days	33.75	-0.66	-1.92%
Bonny Light •2 days	33.28	-0.79	-2.32%

	Bonny Light • 2 days	33.28	-0.79	-2.32%
	Girassol • 2 days	33.98	-0.96	-2.75%
	Opec Basket • 18 hours	29.03	-0.72	-2.42%
OPEC Members Monthly
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Canadian Crude Index •15 mins	25.14	+1.25	+5.23%
Western Canadian Select •17 hours	29.31	-1.54	-4.99%
Canadian Condensate •17 hours	31.81	-1.54	-4.62%
Premium Synthetic •17 hours	33.21	-1.54	-4.43%
Sweet Crude •17 hours	32.81	-1.54	-4.48%
Peace Sour •17 hours	27.81	-1.54	-5.25%

	Peace Sour • 17 hours	27.81	-1.54	-5.25%
	Light Sour Blend • 17 hours	28.31	-1.54	-5.16%
	Syncrude Sweet Premium • 17 hours	32.81	-1.54	-4.48%
	Central Alberta • 17 hours	27.81	-1.54	-5.25%
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Louisiana Light •18 hours	34.60	-1.60	-4.42%
Domestic Swt. @ Cushing •18 hours	30.25	+1.00	+3.42%
Giddings •18 hours	24.00	+1.00	+4.35%
ANS West Coast •7 days	36.07	+2.31	+6.84%
West Texas Sour •18 hours	27.66	+0.90	+3.36%
Eagle Ford •18 hours	31.61	+0.90	+2.93%

	Eagle Ford • 18 hours	31.61	+0.90	+2.93%
	Oklahoma Sweet • 18 hours	30.25	+1.00	+3.42%
	Kansas Common • 18 hours	23.00	-1.50	-6.12%
	Buena Vista • 18 hours	36.39	-1.54	-4.06%
Click Here for 150+ Global Oil Prices

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Russia’s Top Oil Producer Is Struggling With Output Cuts

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Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

Latest articles from Irina

Fragile Oil Markets Under Threat From 50 Million Barrels Of Saudi Crude

Published 15 May 2020 | viewed 73,656 times

Some 50 million barrels of Saudi crude oil are approaching U.S. shores just as the Energy Information Administration reported the first inventory decline in months.…
Why Russia Will Struggle To Meet Its Production Cut Quota

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The effect of oil well shut-ins on future production has become one of the main topics of discussion in the energy media lately, what with…
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Iran Sends Gasoline To Crisis-Stricken Venezuela

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An Iranian tanker loaded with gasoline has set sail for Venezuela, Reuters reports, citing tanker tracking data. The cargo should help alleviate a growing shortage…
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Oil Prices Jump On Surprise Crude Inventory Draw

Published 13 May 2020 | viewed 118,089 times

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8.…
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Saudi Arabia Urges OPEC+ To Cut Oil Output Even Further

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Saudi Arabia has urged its fellow OPEC members and their partners outside the cartel to cut deeper into their oil production to speed up the…
The Oil Crisis Puts The Entire U.S. Economy At Risk

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Some Shale Drillers Restart Shut-In Wells

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Some shale oil companies in the United States have begun to reopen wells they had shut in earlier in response to the low oil prices,…
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The Oklahoma Corporation Commission, which regulates the energy industry in the oil state, has not taken any action regarding the control of production after hearing…
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The federal government moved to block a Washington state law that sought to reduce the amount of volatile gases in crude oil that traveled across…
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Aramco May Delay Payments For $69 Billion Sabic Acquisition

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Aramco is considering staggering payments for the 70 percent in chemicals conglomerate Sabic that it said it would acquire last year. Bloomberg reports that the options the…
Iran Quarantines Oil-Rich Region

Published 11 May 2020 | viewed 9,089 times

Iran has declared a quarantine on Abadan County, an oil-rich region in southwestern Iran, after it booked an increase in new Covid-19 cases last week,…
Elon Musk Threatens To Pull Tesla Out Of California

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Tesla will move its headquarters to Texas or Nevada, chief executive Elon Musk said in a tweet on Saturday after the Alameda County Health Department…
Oil Prices Rally As Saudi Arabia Pledges To Cut Additional 1 Million Bpd

Published 11 May 2020 | viewed 43,134 times

Oil prices turned higher on Monday, erasing earlier losses after the world’s top oil exporter and OPEC leader, Saudi Arabia, said it would cut oil…
The Major Problem With Shutting Down Oil Wells

Published 10 May 2020 | viewed 63,400 times

Oil well shut-ins are the new black. Everyone, especially in the U.S. shale patch, seems to be shutting in wells in response to what is…
Norway’s Oil Industry Questions $10 Billion Tax Plan

Published 08 May 2020 | viewed 14,613 times

A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry executives to voice concern that it would do nothing to…

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