Russia’s Oil Output Flat In March As OPEC+ Cuts Loom

Russia’s oil production hasn’t changed so far this month as demand and prices came down crashing, and the questions remains whether Moscow will live up to its OPEC+ output cut pledge Production of crude oil and condensate in Russia has been unchanged so far this month compared to March, while Moscow has promised to reduce production by around 2 million bpd in May and June as part of the new OPEC+ deal.    According to data from the Russian energy ministry, seen by Bloomberg, Russia’s crude and condensate production…