RUSSIA'S OIL PRODUCTION DOWN
REUTERS - Russian oil output fell to 11.11 million barrels per day (bpd) in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy Ministry data showed on Sunday.
The production fall resulted mainly from the closure due to oil contamination of Russia's Druzhba pipeline, which usually ships 1 million bpd, or 1 percent of global oil demand.
As a result, Russian oil production during May fell by more than stipulated in a global deal with the Organization of…
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