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Russian Oil Output Rises To 10.93mbpd In Feb

OIL

Russian oil and gas condensate output rose to 10.93mbpd in the first week of February, up by 0.7% from January according to Kommersant daily.

  • Russian producers have increased oil exports and proposed deeper discounts for domestic oil prices to the international benchmark, it said.
  • Higher output was let by increases at the Sakhalin 1 refinery.
  • Russian crude oil output is expected to remain stable month on month at 9.8-9.9mtbpd, Deputy PM Alexander Novak said on Wednesday.

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