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Russian October Oil Production Rises Following OPEC+ Quota Hike

  • Output was 10.843 million barrels/day, 1.1% higher than Sept.
  • OPEC+ allows Russia 100,000 b/d crude output hikes every month
Russian Oil Fields Ahead of 180th OPEC Meeting
Photographer: Andrey Rudakov/Bloomberg

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Russia’s oil output increased in October for a second straight month as companies open the taps under the OPEC+ agreement to raise output.