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Russian Crude Production 9.9mn bpd October: Novak

OIL

Russian oil production stood at 9.9 million barrels per day in October according to Russian Deputy Prime Minister Alexander Novak earlier today – well below its OPEC+ quota of 11mmn bpd.

  • Russia’s OPEC+ quota drops to 10.5mn bpd in November.
  • The figure excludes gas condensate which typically makes up around 8% of crude oil and gas condensate production.

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