World Commodities - WORLD COMMODITIES TRADING - Russia nears 100pc compliance with oil production target.
| Author | Kazmi, S. Kamal Hayder |
Byline: S. Kamal Hayder Kazmi
Russia's oil production inched down to 11.23 million barrels per day (bpd) in the first half of October, official Russian data showed on Wednesday, yet Moscow is still several thousand barrels above its quota under the OPEC+ production cut deal.
In the first two weeks of October, Russia's production dropped by 19,700 bpd from September, to average 11.23 million bpd, which is still above Russia's production ceiling of 11.191 million bpd in the OPEC+ deal. Moscow's compliance...
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