Russian oil output reaches record high in 2018 | Reuters

Russian oil output reaches record high in 2018 | Reuters:

Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed on Wednesday.

The total surpassed the previous annual record average of 10.98 million bpd set in 2017.

Russian oil output reached 555.838 million tonnes last year, against 547 million tonnes in 2017. Reuters uses a barrels-to-tonnes ratio of 7.33 to 1.