Russian oil production increased in August to 9.173 million barrels per day, up 50,000 bpd from July, OPEC monthly data showed on Thursday.

That was still less than Russia’s August quota of 9.344 million bpd under an OPEC+ agreement.

The OPEC figure was in contrast with the International Energy Agency’s assessment, which showed that Russian oil output declined last month by 30,000 bpd to 9.3 million bpd.

OPEC also said that Kazakhstan’s oil output last month dipped by 23,000 bpd to 1.814 million bpd, compared with an IEA estimate of 1.8 million bpd.
Source: Reuters