Russian oil output, one of the world’s largest, reached a new post-Soviet monthly high of 10.74 million barrels per day (bpd) in September thanks to foreign-led projects and Rosneft, Energy Ministry data showed on Friday. Output rose from 10.68 million bpd in August and eclipsed the previous record of 10.71 million bpd reached earlier this year, adding to a global glut that has battered oil prices. In tonnes, oil output reached 43.961 million, versus 45.17 million in August. Russian oil production has surprised analysts and industry watchers with its almost uninterrupted rising trend despite widely assumed predictions it would fall due to the depletion of fields in West Siberia, the country’s largest oil province. New technologies and active drilling helped production to rise. Russia […]