Russian oil output up 200,000-300,000 b/d in May, recovery to continue in June

Russian deputy prime minister Alexander Novak said May 19 that after a fall of 1 million b/d in April, Russian oil production has risen by 200,000-300,000 b/d in May and will continue to increase next month, the Prime news agency reported. Following its invasion of Ukraine and harsh sanctions imposed by the West on Russian oil producers and exporters, the…