Russian oil and gas condensate output rose to 11.28 million barrels per day (bpd...
A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company , in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko
This is in line with what sources told Reuters last week and the highest since it reached 11.29 million bpd in August. Gas condensate, a light oil, has been excluded from Russia’s production quota in a global pact aimed at curbing oil production and balancing out the energy markets. The global deal between the Organization of the Petroleum Exporting Countries and other leading oil producers, known as OPEC+, expires after March.
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