Russian crude and condensate production totaled 39.63 million mt, equivalent to around 9.37 million b/d, in July, up 0.4% month on month, and down 16% year on year, according to preliminary data released by the central dispatching unit of the Russian energy ministry August 2. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Russia agreed to cut crude production over May to July by 2.5 million b/d from a baseline of 11 million b/d to 8.5 mil b/d under the OPEC+ agreement. Russian condensate production is excluded from the agreement. The ministry has not yet provided separate figures for crude and condensate production for July. Condensate accounts for around 8% of overall output. Exports of Russian oil in July totaled 15.724 million mt, or around 3.72 million b/d, according to the data. Daily average deliveries were down 11.2% from shipments of around 4.19 […]