Russia’s Novak: Average crude oil output seen at 9.8 mln bpd in October
|Russian Deputy Prime Minister Alexander Novak said on Friday, “average crude oil output is seen at 9.8 million barrels per day (bpd) in October.”
Key quotes
“Gas production in Russia running at maximum capacity.”
“Spot gas sales could resume once filling of Russian gas storages is completed.”
Market reaction
WTI is consolidating around the $81.50 mark, up 0.85% on the day, having reached fresh multi-year highs at $81.75 earlier on.
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