This “Rogue” Oil & Gas Nation Just Set A Slew Of Output Records

Jon Alternative Media, Blogosphere, Energy, Market Commentary

With 2016 now closed out, we’re getting the first looks at year-end data. And numbers from one nation in the energy space have been particularly eye-catching this week.
Russia.
Over the last 15 years, Russia vaulted upwards in oil and gas production – challenging for the world’s top producer of crude. A fact that’s especially critical given this big producer is a ‘rogue’ nation that lies outside the purview of OPEC.
And 2016 was another big year for Russian oil output. With stats showing the country’s production rose again this past year – to an average 10.96 million barrels per day, up from 10.72 million barrels per day in 2015.

This post was published at Zero Hedge on Jan 4, 2017.