Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.
Russian producers pumped 9.022 million barrels a day last month, the people said, asking not to be identified because the information isn’t public.
That’s 28,000 barrels a day below the required level for the month, including compensation cuts, and the biggest gap this year between the nation’s output and its monthly quota, Bloomberg calculations show.
Russia, which leads OPEC+ alongside Saudi Arabia, has improved implementation of its production cuts after historically showing poor compliance with the alliance’s quotas.
For most of 2025 it has been pumping below the required levels, according to Bloomberg calculations based on the nation’s data. Moscow has put greater focus on production discipline following criticism from Riyadh.
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Last Saturday, eight OPEC+ nations agreed to raise production by 548,000 barrels a day in August, taking advantage of strong summer consumption.
The additional barrels may be absorbed quickly, according to analysts, but may contribute to a crude surplus later in the year.
Under the OPEC+ agreement, Russia’s daily production quota for June rose by 78,000 barrels to 9.161 million barrels. However, the nation has also pledged to make a 111,000 barrel-a-day compensation cut in June, bringing the actual output target for the month to 9.050 million barrels a day.
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Russia’s Energy Ministry didn’t immediately respond to a request for a comment.
Moscow classified official oil output data when Western sanctions over Russia’s invasion of Ukraine targeted the nation’s energy industry. That makes independent verification complicated, with market watchers relying on indicators such as seaborne exports and domestic refinery runs to follow trends in Russia’s oil production.
