Russia Is Struggling To Boost Oil Production

Russia is having trouble reversing an oil production decline it implemented under its agreement with OPEC+, Reuters writes, citing unnamed sources. According to these sources, Russia has been producing some 10.42 million bpd of crude oil and condensates since the start of the month, which is lower than May’s average of 10.45 million bpd. The reason for the decline could be related to difficulties with boosting production at older fields, other sources, also unnamed, told Reuters. There was talk about such difficulties as early as last year…