Russia's oil production continued to fall this month, two industry sources ...
MOSCOW - Russia’s oil production continued to fall this month, two industry sources told Reuters on Monday, under pressure from lower exports after shipments via the Druzhba pipeline to Europe were found to be contaminated in April.
Russia has managed to take out around 2 million tonnes of the tainted oil from the pipeline system and agreed with Belarus last week to take back another 1 million tonnes. Russia’s recent oil output is below the 11.18 billion bpd target Moscow has pledged as part of an international deal among producers to curb production to support prices.
On Monday, Czech pipeline operator MERO said that oil shipments via the Druzhba pipeline to the Czech Republic restarted at noon .
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