RUSSIAN CRUDE OIL OUTPUT ON 11.45 MILLION BPD IN APRIL MONTH.

CRUDE OIL

Russion Crude Oil Output raised by 11.45 Million Bpd per Day in April Month.

Russia in output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March.

Interfax reported on Saturday, before it makes cuts this month under a global supply.

The Organization of the Petroleum Exporting Countries, Russia and other allied producers, a group known as OPEC+.

Agreed last month to cut their combined oil output by about almost 10 million bpd, or 10% of global supply.

Its in May and June to tackle the economic fallout from the new coronavirus.

United States, Norway, Canada and Brazil may add cuts that would bring the total reduction to 20 million bpd, or 20% of global supply.

Russia is expected to cut its oil production by 2.5 million bpd from a baseline of 11 million bpd in May and June.

This number exempts production of gas condensate, or light oil.

Russian energy ministry not disclosed gas condensate production separately.

Russia has pledged to meet its commitments in full with output projected to fall to between 480 million and 500 million tonnes.

Russian Crude oil exports increased 2.2% year on year to 83.79 million tonnes in the January-April period.

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