Russia boosts oil and gas condensate output, sources say

Cranked up oil and gas condensate output

  
Image used for illustrative purpose. A general view shows a natural and associated petroleum gas processing plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 11, 2019.

Image used for illustrative purpose. A general view shows a natural and associated petroleum gas processing plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 11, 2019.

REUTERS/Vasily Fedosenko

MOSCOW-  Russia increased its oil and gas condensate production to 10.84 million barrels per day (bpd) over Oct. 1-17, up from 10.72 million bpd on average in September, two sources familiar with the data told Reuters on Monday.

Russia has cranked up oil and gas condensate output as the OPEC+ group of leading oil producers phases out supply cuts thanks to a improving demand as the global economy recovers from the COVID-19 pandemic.

(Reporting by Olesya Astakhova and Gleb Gorodyankin Writing by Vladimir Soldatkin Editing by David Goodman )


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