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

russian energy rate

Russian oil and gas condensate average output has increased by around 1.7 per cent 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 (TRNF_p.MM) network have declined from April’s average by 4.1 per cent to 608,600 per day (4.46 million barrels per day) for the period.

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