Infographic: Russia's global oil footprint under OPEC+

Russia's collaboration with OPEC has had a major impact on global energy markets. The coronavirus outbreak and its impact on demand and prices is now causing the OPEC+ group to consider further output cuts.

In this context, we take a look at the recent evolution and outlook for the world's second-largest oil exporter. Russia's current OPEC+ quota limits crude production to 10.33 million b/d and this year does not include condensate. Growing condensate output will allow Russia to offset slipping crude production over the next decade.

Meanwhile, exports to Asia are on the rise as flows to Europe and the West decline.

Click here for full-size image