2018-10-31
Russia's oil output rose to a record high in the post-Soviet period at 11.41 million bpd since the start of October from 11.36 million bpd in September, a source in the oil sector familiar with Russian production data told Reuters on Wednesday.
 
Russian oil production has increased with the Opec and other major oil producers led by Russia in June to ease production restrictions and meet output levels set in a deal signed in Vienna in 2016.
 
Rising crude prices are fueling increases in production as markets prepare to squeeze supplies as soon as US sanctions against Iran are introduced in November