The OPEC+ deal, concluded in April amid falling global demand, may lead to a double-digit decline in Russian crude oil production for the first time in more than 25 years. Having increased in 2018 by 1.7% (to 555.9 million tons), and in 2019 - by 0.9% (to 561.2 million tons), the production of oil and gas condensate in the first seven months of 2020 decreased by 6.4% in annual terms, to 304.4 million tons (hereinafter, Refinitiv data is given with reference to the Energy Ministry’s CDU TEK unit). Moreover, in the second quarter, production…
