Russia’s Production of Oil And Gas Condensate Increased by 5% in August

Russia’s production of oil and gas condensate rose 5% in August to 41.7 million tons, or 9.86 million barrels per day, from 9.37 million barrels per day in July, Interfax news agency reported, citing data from the Russian Energy Ministry.

The increase follows a decision by a group of oil-producing countries, known as OPEC+, to ease restrictions on crude production.