Russia’s August oil and gasoline condensate output rises 5{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} to 9.86 mln bpd -Ifax

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MOSCOW, Sept 2 (Reuters)Russia’s oil and gasoline condensate manufacturing rose by 5{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} in August to 41.7 million tonnes, or 9.86 million barrels per day, (bpd) from 9.37 million bpd in July, Interfax information company reported on Wednesday citing power ministry information.

The rise adopted a call by the OPEC+ group of oil-producing nations to ease their curbs on output to 7.7 million barrels per day (bpd) from 9.7 million bpd.

The deal excludes condensate, a kind of sunshine oil, some 700,000-800,000 bpd of which Russia pumps on common.

In accordance with the OPEC+ deal, Russia ought to produce 9 million bpd of oil (excluding condensate) so the most recent information suggests Moscow barely overproduced final month.

Benchmark Brent crude oil costs LCOc1 traded at practically $46 per barrel on Wednesday, up from their 20-years-low of under $16 in April, helped by stronger demand and the decreased OPEC+ provide.

(Reporting by Vladimir Soldatkin and Maria Kiselyova; writing by Katya Golubkova; modifying by Himani Sarkar and Jason Neely)

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