Russian oil output down 97,000 bpd in Feb from Oct – minister

02 March 2019, Moscow — Russian oil production was 97,000 barrels per day (bpd) lower in February than in October 2018, Energy Minister Alexander Novak said in a statement on Friday, undershooting its 228,000 bpd targeted reduction as part of a global oil pact. October was used as the baseline month for the pact with the … More »