Citing Russian Energy Ministry data, Interfax news agency (IFX), reported Tuesday that the country’s oil output dropped in May, inching closer to the levels agreed under the OPEC+ output cut deal.
Additional details (via Reuters):
“Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May.”
“The data was down from 11.35 million barrels per day (bpd) in April.”
“Russian oil exports outside former Soviet Union in May reached 17.36 million tonnes, or 4.1 million bpd, down 14.2% year-on-year.”
- Russia close to hitting OPEC+ oil output target in May – Reuters
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