Russian oil production edged up to 10.17 million b/d

Foreign news on May 30, TASS reported on Monday that Russia's daily oil production from May 1 to 29 increased slightly to 10.
17 million barrels, but it is still nearly 1 million barrels
per day lower than before Western sanctions imposed on Russia.

Russia, the world's third-largest producer after the United States and Saudi Arabia, fell about 10 percent to 10.
05 million b/d in April from February after some buyers delayed or refused to buy Russian oil
due to sanctions.

TASS quoted sources familiar with preliminary oil and condensate production as saying that production rose slightly to 10.
17 million barrels
per day from May 1-29.
The report did not give a reason for
the increase.

A Rosneft executive called on Russia to cut production by 20%-30% per day to 7-8 million b/d to secure better prices and preserve resources for the future, rather than mining them in large quantities now and then selling
them at a discount.

Russian Deputy Prime Minister Alexander Novak said last week that Russia's oil production this year will be between 4.
8 and 500 million tons, or 9.
64 million to 10.
04 million barrels
per day, depending on external conditions.