Russia’s production of crude oil and condensate inched up to 11.28 million barrels per day (bpd) in January, up from 11.26 million bpd in December and the highest production level since August last year, data from the Russian energy ministry showed on Sunday. According to energy ministry data, cited by Russian news agency Interfax, Russia slightly increased from December its oil and condensate production in January 2020, when deeper production cuts by OPEC and its Russia-led non-OPEC partners entered into force, at least for the first quarter of this year. As per Reuters calculations of tons into barrels per day, total crude oil and condensate production rose in January, but no information has been released by Russia regarding what part of the January production was crude and how much was condensate. Removing condensate from the level of compliance—a concession Russia won at the December OPEC+ meeting—makes Russia’s compliance record […]