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Markets

Russian oil output at 10.94mn bpd so far in Jan

Published January 29, 2018 Updated January 29, 2018 01:01pm

MOSCOW: Russia produced 10.94 million barrels of oil per day (bpd) on average between Jan. 1 and Jan. 28, or 1.493 million tonnes, two industry sources told Reuters on Monday.

This is compared to 10.95 million bpd in December.

Russia has pledged to cut its oil production by 300,000 bpd from a peak level of 11.247 mn bpd, reached in October 2016.

 

Copyright Reuters, 2018

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