Russia complied nearly 100 percent with its share of oil production cuts in August as per the OPEC+ deal, Russian Energy Minister Alexander Novak said on Monday. Independent assessments about the oil production of all members of the OPEC+ pact will be in in a week, or in five days, Novak said, quoted by Russian news agency Interfax. “Russia is close to 100 percent, it is always close to 100 percent, but let’s wait for the OPEC+ methodology to assess compliance rates,” the Russian minister added. In August, when OPEC+ started easing the record cuts by 2 million bpd, Russia’s oil production rose by 5 percent from July, to reach 9.86 million bpd, according to Reuters’ estimates of energy ministry data in tons. Russia’s production figures include condensate, while the OPEC+ deal excludes it. Considering Russia’s condensate production of around 700,000 bpd-800,000 bpd, and its crude oil production ceiling […]