OPEC Deal Doesn't Stop Russia From Record Oil Output in 2017 - Bloomberg

OPEC Deal Doesn't Stop Russia From Record Oil Output in 2017 - Bloomberg:

"Russia’s oil industry continued its long-term expansion last year, with production hitting a record even as President Vladimir Putin joined forces with OPEC to clear a global glut and lift prices.


The nation’s oil output increased to an average 10.98 million barrels a day in 2017, up 0.1 percent from the previous year, according to data published Tuesday by the Energy Ministry’s CDU-TEK statistics unit. That’s the ninth consecutive annual increase to the highest level since the collapse of the Soviet Union in 1991."



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