Deputy Prime Minister of the Russian Federation: Russia will reduce oil production

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Deputy Prime Minister of the Russian Federation: Russia will reduce oil production

Deputy Prime Minister of the Russian Federation Alexander Novak, who oversees the country's energy industry, said that starting from March this year, Russia will voluntarily reduce oil production by 500 barrels per day. This decision was made in order to stabilize the world energy market, said the Deputy Prime Minister.

Russia will voluntarily cut production by 500 barrels per day in March. This will contribute to the restoration of market relations

Novak said.



According to the Deputy Prime Minister, Russia, despite Western sanctions, sells all the oil produced in the country. At the same time, raw materials and oil products will not be exported to countries that directly or indirectly support the so-called “price ceiling” for Russian energy carriers, Novak added. In the future, decisions on the regulation of oil production volumes will be made by Moscow based on the current market situation.

The Deputy Prime Minister recalled that the leadership of the Russian Federation considers the artificial regulation of the price of Russian oil (the price cap mechanism) "interference in market relations and a continuation of the destructive energy policy of the countries of the collective West." According to him, such a policy in the future will not only lead to a decrease in investment in the oil industry, which will inevitably create a shortage of raw materials, but may also have a destructive effect on other sectors of the world economy.

Earlier, Novak reported that oil production in Russia in recent months, despite sanctions imposed by the West, remained stable at 9,8-9,9 million barrels per day. The beginning of February was no exception, but in the second half of the month, some reduction in production volumes is possible.

The G7 countries and the EU have set a so-called “price ceiling” on Russian crude oil at $60 per barrel, on refined products traded at a premium to oil (gasoline and diesel fuel) of $100/bbl, and $45/bbl. bbl — for petroleum products that are sold at a discount to oil (fuel oil). The price cap for raw materials from the Russian Federation began to operate from December 5 for crude oil and from February 5 for oil products, it concerns Russian raw materials transported by sea tankers.

In response to the restrictions, Moscow banned from February 1 the supply of black gold from the Russian Federation under contracts that use the price cap mechanism. With regard to oil products, the government will determine the date for the introduction of a ban on the export of raw materials.

The market has already reacted to Novak's statement by increasing quotes. Thus, the cost of April futures for Brent oil on the London ICE Futures exchange rose by 2,78% and rose to $86,85 per barrel. The price of futures for WTI crude oil for March delivery on the New York Mercantile Exchange is rising by 2,77% to $80,22 per barrel.
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  1. -23
    February 10 2023
    Novak is trying to put on a good face on a bad game.
    1. -13
      February 10 2023
      Goodwill gesture? laughing laughing Will we punish the market - will we reduce production and staff for them?
      1. +16
        February 10 2023
        Sometimes it is better to remain silent and wait than to make an idiot of yourself.
      2. +8
        February 10 2023
        I have never understood the logical chain: Sell oil to the West for dollars, take the dollars abroad, they are arrested abroad. Well - or not, if you're lucky. One hell - they do not go to the Russian economy. And why the hell do we even have to sell so many fossils?

        Has anyone even tried to calculate how much currency is needed per year for a country to function normally? For some reason, it seems to me personally that this figure is strikingly different from the amount of sales. Then why are we doing this? To give to the Western bourgeoisie? Or so that our thieves provide their own life there?
        1. -3
          February 10 2023
          Apparently, dear paul3390, ordinary citizens are not supposed to know such things feel for a bottle of beer - for the zone, for the car - a respected person. request
        2. +6
          February 10 2023
          Quote: paul3390
          Or to did our thieves provide their own life there?

          Exactly!!! Yes
          The CEO of the Rostec State Corporation Sergey Chemezov earned 2021 million rubles in 632,2.
          The declared income of his wife Ekaterina Ignatova amounted to 6,8 billion rubles.
          Not sickly so - 7 rubles per year or
          20 362 191,78 rubles per day!!!

          But that's not all!!!
          The declaration lists the income of other Rostec employees:
          — managing director Vladimir Litvin (146 million rubles),
          industrial director Anatoly Serdyukov (137,7 million rubles),
          — First Deputy General Director Vladimir Artyakov (176 million rubles),
          - deputies: Nikolay Volobuev (140 million rubles), Dmitry Lelikov (127,4 million rubles), Alexander Nazarov (114 million rubles), Igor Zavyalov (107,3 million rubles) and Maxim Vybornykh (104,6 million rubles) rub.),
          — Executive Director Oleg Yevtushenko (115 million rubles),
          - Deputy Chairman of the Scientific and Technical Council Alexander Kashirin (107,3 million rubles),
          — managing director Elena Sierra (100 million rubles).

          * * *
          Isn't it true, all the familiar surnames - all the discoveries that bear their names are well known ...
          FUCK WE ARE SUCH STIMULATION TO WORK???
          I know another way - the Chinese showed ...
          1. +1
            February 10 2023
            Heh, but they manage to spend them interestingly belay servants of the people, after all, how then do the gentlemen live lol
        3. -1
          February 10 2023
          Has anyone even tried to calculate how much currency is needed per year for a country to function normally?

          Yes.
          Considered.
          Salaries are directly dependent on the size of the country's GDP.
          Payroll cannot be more than GDP.
          It can only be a part of GDP.
          Now the payroll is about 50% of GDP.
          This is about 55 trillion rubles
          We divide 55 trillion payrolls by 80 million working-age population and then divide by 12 months.
          which gives an average salary of 57 thousand rubles.
          This is the ceiling.
          1. 0
            February 10 2023
            Quote from stelltok
            Payroll cannot be more than GDP.

            I know one thing: the income of ANY PERSON IN THE STATE CORPORATION (IN THE GOVERNMENT TOO!!!) CANNOT BE ABOVE THE INCOME OF THE HEAD OF STATE (GDP)!!!
            And, if in fact this is so, we are simply being fooled!
        4. 0
          February 11 2023
          One hell - they do not go to the Russian economy. And why the hell do we even have to sell so many fossils?

          Because these fossils being sold are no longer ours, but the one who sold them. The seller pays the taxes and payments required by the laws of the Russian Federation. In form, everything is correct, but in fact a mockery.
    2. -3
      February 10 2023
      And it is right...

      For it is during THIS period that a significant and prolonged (up to three weeks ...) cooling is expected over the European continent. With a decrease in temperatures to - 15 - 20 degrees, in the same Germany ...

      So, let them buy (in order not to freeze out), at "peak" prices, the remaining oil on the market ...
      1. +9
        February 10 2023
        Quote: ABC-schütze
        With a decrease in temperatures to - 15 - 20 degrees, in the same Germany ...


        sorry, where did you get your data from? i opened the weather forecast for berlin,dortmund and munich in yandex...minimum NIGHT temperatures -1...scroll through the forecast until march...or do you expect -20 in april? maybe August???

        you already then it’s -50 or something, once you think that everyone around is stupid and they won’t be able to check your nonsense
        1. -2
          February 10 2023
          I took "it" not on Yandex. And not on the "bench" at the entrance ...

          And in the Vaterland, indeed, they are not yet fussing. And in vain...

          I didn't say anything about April. But about the last decade of February and the first half of March, when a SIGNIFICANT WARMING is expected (yes, that’s it ...) of the HIGH layers of the atmosphere, and what it is “fraught with” you Vaterland (and not only) might think ...
          1. +2
            February 10 2023
            You have a direct path to the Meteoclub, to the DPP section. There, at least get to know the ECMWF, the State Fiscal Service and Redding laughing
      2. +4
        February 10 2023
        Quote: ABC-schütze
        For it is during THIS period that a significant and prolonged (up to three weeks ...) cooling is expected over the European continent. With a decrease in temperatures to - 15 - 20 degrees, in the same Germany ...

        1. Do you think they heat with oil?
        2. In your opinion, they have no stocks - all at once into the furnace?
        3. In your opinion, only the Russian Federation supplies oil to the EU?
        In my opinion, you and people like you have been writing since October that the EU and Ukraine will freeze, and already in 3 weeks it will be spring, and they have not yet begun to freeze. You pass off your "wishlist" as the truth ..
        1. 0
          February 10 2023
          Advisor, and they don’t care, just to grab cheap pluses .....
        2. -1
          February 10 2023
          They "heat" and not only heat, with oil products. For the import of which the so-called. "Europe" introduced a certain "embargo" a couple of days ago. And, which, as a result of what I have mentioned, can rise in price greatly ... For "Europeans" ...

          "Warm" winter, already allegedly "surviving safely" ...

          Spring "according to the calendar", after the "three weeks" you mentioned, is not yet spring "on the street". So, boots, until you take them to the basement ...
    3. -2
      February 10 2023
      And you see a major specialist in the field of oil sales and macroeconomics.
    4. The comment was deleted.
  2. -9
    February 10 2023
    Right now, we are stabilizing so that prices will jump like the Sumerians on the Maidan! With a smaller volume of sales, the profit will increase, but the enemies will have to forget about all the "ceiling" games.
  3. -3
    February 10 2023
    He just didn’t say that the price for our oil is 45-50, the ceiling that they give. If they want to raise world prices with this, then this is stupidity, they can simply lower the ceiling for us even lower. And the quick-eyed and others will again "twist" our hands by buying up our oil, essentially at cost, taking into account the cost of production from us ...
    1. +2
      February 10 2023
      what for? cheers-patriots are hiding ... one of them agreed that in Germany a cooling down to -20 is coming ... only for some reason the weather forecast services do not know about this ...

      in Russia it is customary to rejoice and throw caps into the air ... then we hand over the grain to Erdogan for deshman, which he turns into flour and makes money on it (Russia is not able to grind flour, this is an extremely complicated process for technocrats) ... then to China and We supply India for cheap oil, if only they take it ... it’s okay, the people hawala and asks for even more noodles on their ears

      today, only Nebenzya said: "For more than half a year of the Russia-UN memorandum, not a single "grain" and almost nothing of fertilizers have been sent through this line. And this despite the demand and need for Russian products, which is recognized by everyone. Because Western sanctions regimes have legal force for the operators of these countries and are a serious punitive tool for those who try to circumvent them, all these pseudo-exemptions and general licenses are a sham that in no way guarantees freedom of action in the business environment",

      but all the same, the cheers-patriots outplay and outplay everyone ...
      1. +2
        February 10 2023
        "Don't trust a woman, don't trust a Turk, don't trust a non-drinker"
        Peter the Great
      2. -1
        February 10 2023
        "why? The cheers-patriots are grabbing ... one of them agreed that in Germany a cold snap of up to -20 is coming ... only for some reason the weather forecast services do not know about this ..."
        ************************************************** ****************************************
        Listen to the "expert in Germany" ...

        And what did the "forecast services" coo to the inhabitants of the same Vaterland, say, in the winter of 1978/1979? ..

        "Die Schneekatastrophe im Jahrhundertwinter 1978/79" on NDR...

        If with languages ​​\uXNUMXb\uXNUMXb"more or less", and can read and, at the same time, see an "instructive" video ...

        And everything, somehow "very unexpectedly" turned out ... By the way, like the year before last floods in the same Germany ...
    2. -2
      February 10 2023
      Quote from Tommy Calhoun
      stir up world prices, then this is stupidity, we can simply lower the ceiling bar even lower. AND peep-eyed и other

      Do they recruit you at TsIPSO without education at all? In two lines, they mocked the language three times.
      1. 0
        February 10 2023
        Quote: Sarboz
        peep-eyed

        probably eyebrows, well, like a mustache above the eyes, but about the ceiling of 50, in general, a masterpiece
        1. +1
          February 10 2023
          Quote: poquello
          probably eyebrows, well, like a mustache above the eyes, but about the ceiling of 50, in general, a masterpiece

          Yeah. And "Vzventit" apparently from the phrase "twist the valve." drinks
    3. 0
      February 10 2023
      Quote from Tommy Calhoun
      He just didn’t say that the price for our oil is 45-50, the ceiling that they give. If they want to raise world prices with this, then this is stupidity, they can simply lower the ceiling for us even lower.

      It's not all that simple. If this "whip" in terms of the forced establishment of a price ceiling works in relation to Russia, then the same "whip" will be used in relation to any country producing oil, which does not suit the OPEC countries and others like them, since the price is formed not by the market and demand, but a whim of several, overwhelmed in a snag, countries.
      In November, S. Arabia reduced daily production by the same 500 thousand barrels + reduced oil exports by 6,3%. Venezuela cut daily production from 824 b/d to 693 b/d. Now Russia has gone on reduction, having also reduced daily production by 500 thousand bpd.
      Oil mattresses in a considerable amount is used to replace the oil that they, according to the decision of Bidon, pulled out of their reserves. A decrease in production in any case will lead to an increase in the cost of a barrel and a shortage of supply on the world market, which means that no one will especially look at the ceilings. The Saudis and the Russian Federation can go down to 1 million bpd painlessly for themselves and also receive profit due to price increases with less supply.
      Quote from Tommy Calhoun
      And the quick-eyed and others will again "twist" our hands by buying up our oil, essentially at cost, taking into account the cost of production from us ...

      Yes Yes. Russia will flood the entire Asian world + Hindustan with cheap oil, and the Saudis with expensive oil will burn their own among the dunes with a detached look, since everyone will line up for cheap oil. If so, then they will also have to reduce their price to 45-50, and they need it.
      Most likely, S. Arabia and others will act in the same team with Russia, and all this leapfrog with ceilings will fail.
  4. +1
    February 10 2023
    Hope that Borjomi will help.
    And most likely, all the results of all these measures will manifest themselves in the summer.
  5. +7
    February 10 2023
    Since the beginning of the NWO, solar in England has fallen in price from 1.97 (April-May) to 1.
    1. -4
      February 10 2023
      And our fuel price tag is slowly but steadily growing ..... and whatever it is, we, according to the guarantor, are the best country in the world Yes
      1. +6
        February 10 2023
        best country in the world
        All not the worst.
      2. -2
        February 10 2023
        Quote: Alien From
        And we have slowly but steadily the price tag for fuel is growing .....

        Tell me where exactly, in Kyiv, Lvov? And what kind of fuel is growing?
        1. -1
          February 10 2023
          In Russia, dear, in Russia, or you have never refueled .....
          1. 0
            February 10 2023
            Quote: Alien From
            In Russia, dear, in Russia, or you have never refueled .....

            I fill up with gasoline at Gazpromneft, I see that since the beginning of last year the price has not risen even by 10 kopecks. Neither 95 nor 92. At the methane gas station in general, prices have dropped significantly.
  6. +8
    February 10 2023
    I don’t know what will happen on the world market, but we will definitely raise prices at gas stations under this noise.
  7. +8
    February 10 2023
    the artificial regulation of the price of Russian oil (price cap mechanism) is considered by the leadership of the Russian Federation as "interference in market relations and a continuation of the destructive energy policy of the countries of the collective West."

    So cut off the pipelines to Europe until Europe fully publicly disavows its boorish statements. You look, and the German tanks in Ukraine will have nothing to ride on. The Nazis are all there on your, gentlemen, scum, solarium!
  8. 0
    February 10 2023
    Let the Saudis make money, and the EU will spend in full.
  9. +3
    February 10 2023
    This will contribute to the restoration of market relations
    And do they exist in the world today in the form that the fathers-creators (theorists) of the market, as such, conceived? When economic sanctions are unilaterally imposed, price ceilings for the seller are set by a strong-willed decision, when unfair competition flourishes, and in one country, what kind of restoration of "market relations" can we talk about? But if this is, as a response to Western lawlessness, then another matter.
  10. 0
    February 10 2023
    Putin completely forgot the testament of the Father of Nations:
    1. +6
      February 10 2023
      Putin completely forgot the testament of the Father of Nations
      The Father of Nations had a Motherland.
      1. -2
        February 10 2023
        Applause to you! Briefly and clearly. Gold words! hi
    2. -4
      February 10 2023
      It is not clear what claims can be made against Putin, after all, he is not all for himself, this is all for the poorest sections, like gauze, of the population. For the sake of them, in order to live better than gauze, everything was started from bottom to top.
    3. 0
      February 10 2023
      Quote from DefenderofTruth
      Putin completely forgot the testament of the Father of Nations:

      Sounds good, but the trick is that the "Father of Nations" did not say this. Alas. This is from the category of Lenin's same quotes about the Internet
  11. -2
    February 10 2023
    Down with the corrupt oligarchs!
    You give the nationalization of the extraction of any raw material - oil, gas, timber, metals!
  12. +3
    February 10 2023
    I support the reduction of oil production. In general, we need to gradually reduce oil production at "light" fields, conserving them for our own interests. For 30+ years, our population has been spoiled with a wide range of goods supplied from the West, a significant proportion of which we could manufacture ourselves (but instead we buy them for currency), which in turn we buy with finite resources. It's one thing when they impose sanctions on us With resources, and we will have the option of deploying the production of what we need, relying on them. And it’s a completely different matter when we are levied WITHOUT resources. How many easy-to-produce oil and gas fields do we have at the current production rate? 20-30 years old. Then what are we going to do? Then, for sure, we will no longer have props for a breakthrough.
    While it is - maybe you shouldn't drain it "for garbage"?
    1. 0
      February 10 2023
      It's easy for you to say that. You have two wells instead of water in them oil. It will be enough for you for several thousand years, God forbid you live well.
  13. 0
    February 10 2023
    Russia in March will reduce oil production by 500 thousand barrels. per day (by about 5%), Deputy Prime Minister Alexander Novak said, his words were reported to RBC by the press service.
    “Russia will voluntarily cut production by 500 barrels in March. per day. This will contribute to the restoration of market relations,” he said. In further decisions, the country will be guided by the situation on the market, the Deputy Prime Minister said.

    If we translate the words of A. Novak into ordinary language, then the message of his message is as follows:
    According to Sinara's estimates, about half of the volume of oil products that Russian companies supplied to the European Union (0,6 million out of 1,2 million barrels per day) will not find new markets due to infrastructure restrictions. As a result, the bank predicts a decline in exports of petroleum products from Russia by 20% in 2023.
    hi
    1. -1
      February 10 2023
      Quote: Gomunkul
      Russia in March will reduce oil production by 500 thousand barrels. per day (about 5%)

      Quote: Gomunkul
      As a result, the bank predicts a decrease in exports of petroleum products from Russia by 20% in 2023.

      The forecast is four times worse than the actual decline in production.
      The reality is that we are confronted by a larger total economy than we are. But they underestimated our resilience. And they overestimated their capabilities. With the effeminacy of their society, accustomed to the well-fed life of the 1990s and zero, they will break before us. Thousands of protests in Britain and Europe will grow, and then they will go over to the puddle.
  14. 0
    February 10 2023
    At the end of February, beginning of March, let's see who shat where. Mifin will tell you everything. lol
  15. +3
    February 10 2023
    La Russie baisse sa production de 5% et effet immédiat le prix du pétrole monte de 3.5%.
    La perte de gain potentiel n'est que de 1.5% tout en produisant 5% de moins, bien sur si la Russie vend au prix du marché. Mais de toute façon plus le prix du pétrole sera haut plus certains pays chercheront à "contourner" les sanctions :-)

    Russia cuts production by 5%, and as a result, the price of oil immediately rises by 3,5%.
    The potential profit loss is only 1,5% with 5% less production, of course, if Russia sells at the market price. But in any case, the higher the price of oil, the more some countries will seek to "get around" the sanctions :-)
  16. 0
    February 10 2023
    Money is being taken away from the poor worker-peasant people again. What kind of life is this? Greens will come - rob, Bandera will come - rob, whites will come - rob. Where should the poor worker-peasant millionaire or billionaire go? This store will have to be closed.
  17. +1
    February 10 2023
    And we don't need oil ourselves, do we? Moreover, it will soon end with us. If there is a question, it is necessary to sell not crude oil, but oil refinery products. The same applies to grain, timber, diamonds and other raw materials.
  18. -2
    February 10 2023
    since 1991, when someone in the leadership of Russia declares voluntary or goodwill gestures, this means only one thing. that it is lying. how it lied about the provision of troops with bulletproof vests, drones and ultra-modern equipment. 22. how they lied that we would not leave the liberated lands anywhere. zero? offhand from 7 to 10% rise in price for everything. do not care about the sanctions on oil? so it’s silent at what real price it is being sold now. prices will reduce production? in general, it would be better to remain silent. the truth is that there is nowhere to put it. shame. there will never be a civil society in this country. because a liar sits on a liar and drives a liar.
  19. 0
    February 10 2023
    People from this neither cold nor hot! Because people have practically nothing to do with it. Dividends, profits, budget rule, etc. everything goes overseas. And what remains even in the form of loans is not easy to take thanks to the Central Bank and the Ministry of Finance ... Everything is sold there to our non-partners
  20. 0
    February 11 2023
    They just don’t come up with anything, if only the population doesn’t get gasoline cheaply ...

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