Commodities

Russian oil output up 1.7% month on month in May so far, Interfax reports



© Reuters. FILE PHOTO: View shows railroad freight cars, including oil tanks, in Omsk, Russia May 1, 2020. REUTERS

(Reuters) – Russian oil and gas condensate average output has increased by around 1.7% month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the first half of May, Interfax news agency reported on Monday, citing a source.

It also said Russian oil exports excluding the former Soviet Union via the Transneft network have declined from April’s average by 4.1% to 608,600 per day (4.46 million barrels per day) for the period.



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