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Russia’s Rosneft quarterly oil, gas condensate output dips amid OPEC cuts

Rosneft (ROSN.MM), Russia’s largest oil producer, said on Wednesday its output of oil and gas condensate dipped in the second quarter from the prior three-month period due to an agreement with OPEC+ group of oil producers to curb production.

The quarterly production dropped 2.2% to 3.9 million barrels per day, Rosneft said, adding that its first-half sales reached 3.9 trillion roubles ($41 billion), down by more than a quarter from the previous year due to weaker oil prices.

Source: Reuters

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