Russian Oil Output Up By 100,000 Barrels Per Day in June as Production Curbs Eased

Russian average monthly oil output exceeded 11 MMbbl/d in June for the first time since April 2017 as leading global oil producers started to ease output curbs, Energy Ministry data showed on July 2.

Production rose to 11.06 MMbbl/d in June from 10.97 MMbbl/d in May, up around 100,000 bbld. In tonnes, Russian oil output was 45.276 million versus 46.377 million in May.