🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Russia's Transneft limits oil intake from Rosneft unit - sources

Published 09/07/2019, 11:05
Updated 09/07/2019, 11:11
Russia's Transneft limits oil intake from Rosneft unit - sources
ROSN
-
TRNF_p
-

MOSCOW (Reuters) - Russian pipeline monopoly Transneft (MM:TRNF_p) curbed oil intake from Yuganskneftegaz, the main upstream unit of Rosneft (MM:ROSN), four industry sources told Reuters on Tuesday, leading to a fall in Russia's oil production.

An industry source said oil output at Yuganskneftegaz, in West Siberia, fell 30% during July 1-8 compared with the June average.

Rosneft declined to comment, Transneft did not respond to a request for comment.

Industry sources told Reuters on Tuesday that Russian oil output fell to 10.79 million barrels per day (bpd) early July, close to a three-year low in early, dragged down by falling output from Rosneft, Russia's largest oil producer.

The decline follows the discovery in mid-April of contaminated Urals crude that affected the Druzhba pipeline to Europe and led to the suspension of exports via the route. Since then, flows via the pipeline have partially resumed.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.