Russia's oil, gas output hits new high in February
Russian oil and gas output hit new monthly highs in February as mid-sized oil company Bashneft ramped up production in West Siberia and non-state firms made a significant contribution to the country's gas extraction.
Russia may raise oil export duty on its benchmark Urals blend by $40 from December 1 to $271-273 per metric ton from the current $231.2 per ton, a Finance Ministry official said on Wednesday.Alexander Sakovich, head of the ministry's consolidated analysis department, said the average price of Russian oil was $76.08 per barrel from October 15 to November 10.