Russian oil output down in March, misses global deal target

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Russian oil output down in March, misses global deal target
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Russian oil output declined to 11.298 million barrels per day (bpd) last month, ...

MOSCOW - Russian oil output declined to 11.298 million barrels per day last month, energy ministry data showed on Tuesday, missing the target set under a global deal to cut oil production.

In tonnes, Russian oil production reached 47.78 million tonnes. Reuters uses the 7.33 barrels/tonnes ratio. The data showed that Russia’s largest oil producer, Rosneft, cut its output by around 0.45 percent in March from February.

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