Markets

Russian daily oil production down for fifth month in a row

Published June 2, 2014 Updated June 2, 2014 05:43am

1 min

By Shoaib Ur Rehman

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MOSCOW: Russian oil output edged down to 10.53 million barrels per day (bpd) in May from 10.54 million bpd in April, declining for the fifth month in a row in terms of daily production, Energy Ministry data showed on Monday.

In tonnes, Russian oil output reached 44.535 million last month, versus 43.119 million in April.

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