Russia’s oil output hits pre-sanctions high

Production has been on the rise to meet booming demand in Asia Russian energy companies in February increased the average daily production of crude oil and condensate by almost 2% compared to the previous month, to 1.508 million tons per day, Kommersant reported on Tuesday, citing people familiar with the matter. The Russian newspaper report indicated that oil output in February reached the pre-sanctions level for the first time, and may exceed the February 2022 figure. The country’s output has gradually recovered after plummeting last March as a result of Western restrictions, the media outlet wrote. According to

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