Russia Boosts September Crude Output, Still Lags OPEC Target
Russia increased crude oil production in September while falling behind its OPEC target following the latest adjustments to the alliance’s compensation plans.
The nation pumped 9.368 million barrels a day last month, according to people who saw the data and asked for anonymity as the information isn’t public. That’s a 193,000 barrels per day hike from September, the biggest monthly increase since April, when the Organization of the Petroleum Exporting Countries and its allies started returning barrels to the global market.
