New customers are buying Russian crude, the government says Production of crude oil is on the rise again in Russia in May, after having fallen last month due to Western sanctions, Deputy Prime Minister and former Energy Minister Alexander Novak said on Monday. “The situation is stable. Production has increased compared to April. We expect that the figures will partially recover in May and will be better,” Novak told journalists. A number of new customers have started buying oil from Russia, Novak added, saying that exports have actually risen to some destinations, especially in the Asia-Pacific region. Moscow is c
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