Russia’s Crude Production Was Below OPEC+ Target in April

Russia kept its crude oil production below the nation’s OPEC+ quota in April, according to people familiar with the data.

Producers pumped 8.975 million barrels a day last month, almost unchanged from March levels, the people said, asking not to be identified because the information isn’t public. That’s 23,000 barrels a day below Russia’s target for April under the OPEC+ deal, including compensation for past overproduction.