Monday 2 April 2018

Russian oil output hits 11-month high in March

Russian oil output hits 11-month high in March:

"Russian oil output rose slightly in March to an 11-month high of 10.97 million barrels per day (bpd), above a quota agreed under a global pact to curb production, energy ministry data showed on Monday.

This was the first increase in Russian output since December and the highest level since output of 11 million bpd in April 2017.

March output rose from 10.95 million bpd in February. In tonnes, it totaled 46.39 million versus 41.836 million in February."



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