Russian oil output up to 11.28 million bpd in January, highest since August - Reuters

Russian oil output up to 11.28 million bpd in January, highest since August - Reuters:

Russian oil and gas condensate output C-RU-OUT rose to 11.28 million barrels per day (bpd) in January, from 11.26 million bpd in December, Interfax news agency reported on Sunday, citing Energy Ministry’s data.

This is in line with what sources told Reuters last week and the highest since it reached 11.29 million bpd in August.

In tonnes, oil output rose to 47.72 million versus 47.63 million in December. Reuters uses a 7.33 conversion ratio in its calculations when converting tonnes to barrels.

Gas condensate, a light oil, has been excluded from Russia’s production quota in a global pact aimed at curbing oil production and balancing out the energy markets.