Skip to content
Subscriber Only

Russia Halts Oil-Output Boost After July Jump Amid Record Gains

  • Country’s crude production settled at 11.21m b/d last month
  • Nation benefited from oil-price rally, record levels in rubles
Royal Dutch Shell Plc's Russian Oil Lubricants Blending Plant
Photographer: Andrey Rudakov/Bloomberg
Updated on

Russia kept pumping oil near post-Soviet records last month as it reaped benefits from a deal with OPEC easing output caps and oil prices at an all-time high in rubles.

The nation extracted an average of 11.21 million barrels of crude per day in August, according to data emailed Sunday by the Russian Energy Ministry’s CDU-TEK unit. Volumes were little changed from July, when the country’s output soared to just shy of a peak in 2016.