The oil and Condensate output in Russia surged slightly in April 2020 ahead of the global supply pact to curtail production this month.
- The oil and condensate output surged by ~ 0.53 per cent against the previous month to stand at 11.35 million barrels per day.
- Also, the output during the month marked the highest monthly average since January 2019.
- Russia is now anticipated to slash its oil output by 2.5 million barrels per day for May and June 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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