Oil production in Siberia
Russia may defy production capacity doubters
The OPEC+ producer could bring significant idle barrels to the market in the next 12 months
Some experts are sceptical Russia can bring back many barrels should OPEC+’s group of voluntary producers continue to unwind production cuts. But the country’s more-than-adequate oil reserves, high and rising levels of drilling, increasing amounts of advanced production techniques and possession of a potentially world-class greenfield project in Vostok Oil means there is reason to be upbeat. Russia could add up to 800,000b/d on short notice, and perhaps substantially more on a five-year horizon. In April 2025, key producers within OPEC+ began rolling back 2.5m b/d of ‘voluntary’ production cuts. As of September, this process was completed, allowing Russia to increase its oil output from 10m
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
