Russian August oil output, exports rise after July price record

Average daily oil output rose 2.8% to 9.76 million barrels a day during the month, or 41.27 million tons, from 9.50 million barrels a day, compared with a year earlier, according to the Energy and Industry Ministry’s CDU-TEK unit. Exports advanced to 5.40 million barrels a day, a 10% jump from a year earlier, and up slightly from the 5.38 million barrels a day shipped abroad in July.