Ahead of promised cut, Russia’s oil output hits record high

02 December 2016, Moscow — Russia plans to use its post-Soviet era record high November oil production as its baseline when it cuts output under this week’s deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Russia has promised to gradually cut output by up to 300,000 barrels per day (b/d) in the […] More »