Russia Oil Production Poised for Record as Industry Defies Slump
- Daily production set to reach 10.77 million barrels in Oct.
- Nation's producers have shrugged off crude price slump
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Russian oil output is poised to break a post-Soviet record for the fourth time this year as the nation’s producers once again prove themselves resilient to a slump in crude prices.
Production of crude and a light oil called condensate is on track to reach 10.77 million barrels a day in October, topping the previous month’s revised figure and setting a record for the second month running, according to Bloomberg estimates based on Energy Ministry data.