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Russian oil output hits record high despite price slump

MOSCOW: Russia pumped a record 534 million tons of crude oil in 2015 even as it reeled from a fall in oil prices caused by a supply glut, energy ministry data showed on Saturday. The country’s oil and gas condensate production last year increased 1.4% year-on-year, with output reaching 10.73 million barrels per day, a […]

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