Weekend oil news: Russia cut production in March, closer to fulfilling its agreement

Via :
Russian oil output was 11.05 million barrels per day (bpd) in March
– Down 200,000 bpd from October
– Russian Energy Minister Alexander Novak has said Russia would cut its oil output by 200,000 bpd by the end of the first quarter and by 300,000 bpd by the end of April
Decline in Russian oil output in March was mostly due to cuts by smaller producers, total output fell by 1.1% m/m