Russian Oil Output Averaged 11.1 MM Bpd From Jan. 1-15

Reuters

MOSCOW, Jan 16 (Reuters) - Russian oil and gas condensate production averaged 11.1 million barrels per day (bpd) from Jan. 1-15, two energy industry sources told Reuters on Monday.

According to the sources, production averaged 1.514 million tonnes a day in the first two weeks of January compared to an average of 1.516 million tonnes a day during the first week. In barrels per day, it was almost flat.

Russia has committed to a 300,000 bpd cut during the first half of 2017 as a part of a global deal with OPEC.

(Reporting by Olesya Astakhova; Writing by Katya Golubkova; Editing by Andrew Osborn)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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