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Russian Crude Output Rose Last Month, Remains Below OPEC+ Quota

Bloomberg.com · last updated

Russia’s crude oil production edged up in October, but remained below its OPEC+ quota as international pressure mounted on the country’s energy sector.

Russia pumped an average 9.411 million barrels a day last month, people with knowledge of the data said, asking not to be identified discussing confidential information. While that’s 43,000 barrels a day higher than in September, it’s 70,000 a day below a quota that includes compensation cuts for previous overproduction, Bloomberg calculations show.