Russian oil output declined to 11.298 million barrels per day (bpd) last month, energy ministry data showed on Tuesday, missing the target set under a global deal to cut oil production. The March output was down by around 112,000 bpd from the October 2018 level, the baseline of the global deal. Under the agreement, Russia has pledged to cut its oil output by 228,000 bpd from that level. In tonnes, Russian oil production reached 47.78 million tonnes. Reuters uses the 7.33 barrels/tonnes ratio. Russian Energy Minister Alexander Novak said on Tuesday that the country‚Äôs oil production in April would be in line with the global deal between […]