Russia Oil Output Rose 5% In May: Report ...Middle East

OILPRICE - Economy
Russia Oil Output Rose 5% In May: Report
source : OILPRICE ( Middle East ) () 20
Russia's crude oil and condensates production gained 5 percent last month, according to an industry source who spoke to Vedomosti daily. Compared to May 2021, however, output was down by 2.5 percent, the source also told Vedomosti. What these latest figures mean, if confirmed by official data, is that Russia's oil output in May averaged 10.2 million bpd, which was down from 11.1 million bpd in February and 11 million bpd in March. Earlier this week, Deputy Prime Minister Alexander Novak said the government expected Russian oil production to continue…

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