Europe & Russia Production

As output from the Groningen field drops, the decline in overall production from the Netherlands will drag down domestic supplies from the region.

Output from Groningen dropped to just 1.6 bcm in February, down by 34% on an annual basis and the lowest level of monthly output since Q4 2015. The Dutch government is aiming to reduce output from the field as quickly as possible, and proposals for further cuts to output from the field are expected by the end of March. The production cap for...