April 13, 2020 / 10:27 AM / a month ago

Russia's oil output down to 11.24 million bpd on April 1-12: source

MOSCOW (Reuters) - Russia’s average oil production was down to 11.24 million barrels per day (bpd) on April 1-12, an oil industry source told Reuters on Monday.

Average oil production in Russia last month was at 11.29 million bpd. <O/RUS1> The energy ministry did not immediately reply to a Reuters request for comment.

Russia, the Organization of Petroleum Exporting Countries and some other nations have finalised a deal to take 10 million bpd off the market from May to help stabilise oil prices hit by low demand amid the coronavirus outbreak.

Reporting by Olesya Astakhova; Writing by Katya Golubkova; Editing by Mark Potter

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