Russian Oil Output Near Record as Lukoil Gains; Exports Decline
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Russia boosted oil output to 10.21 million barrels a day in January, near a post-Soviet record, as state-controlled OAO Gazprom Neft ramped up output and OAO Lukoil halted monthly declines. Exports fell.
Output increased 1.6 percent from a year earlier and 0.5 percent from the previous month, according to preliminary data from the Russian Energy Ministry’s CDU-TEK statistics unit.