OPEC says Russian oil output broadly stable in October
Portfolio Pulse from
OPEC reports that Russia's crude oil output increased slightly in October by 9,000 barrels per day, reaching approximately 9.01 million bpd.
November 12, 2024 | 12:00 pm
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NEUTRAL IMPACT
The United States Brent Oil Fund (BNO) may see a neutral impact as Russia's oil output remains broadly stable with a slight increase in October.
The slight increase in Russia's oil output is unlikely to significantly impact the Brent oil market or BNO in the short term, as the change is minimal and within expected production levels.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50