Russia has been reducing monthly oil output growth since July on a year-on-year basis, the Russian Economic Development and Trade Ministry said in a report ahead of last Wednesday’s cabinet meeting.
Interfax quoted the ministry as saying oil production growth was 9.1 percent year-on-year in July, 8.3 percent in August, 7.2 percent in October and 6.8 percent in November. The same can practically be said of average daily output on a month-on-month basis, the ministry said.
The ministry said prod...
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