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.
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