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OPEC+ deal oil output cut distribution in 2020, by country

Russia accounted for 26 percent of the total oil output cut within the OPEC+ deal in May and June 2020. The deal was agreed on in April 2020 after a sharp fall in oil demand due to the COVID-19 pandemic and an oil price war between Russia and Saudi Arabia that resulted in a collapse of the previous deal. Compared to the first three months of that year, Russia's share in the output reduction increased by eight percent.

Distribution of the oil output cut within the OPEC+ deal from 2017 to June 2020, by country

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Source

Release date

April 2020

Region

Worldwide, Russia

Survey time period

January 2017 to June 2020

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Statistics on "Russian oil industry"

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