Russia last month pumped below its OPEC+ oil-output target for the first time since the historic curbs began last May, failing to take full advantage of a more generous quota.
The nation produced 38.56 million tons of crude and condensate in February, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That equates to 10.095 million barrels a day, based on a 7.33 barrel-per-ton conversion ratio.
