Investing.com - Russian oil production in December averaged 11.21 million barrels per day, data from the energy ministry showed Monday.
December production was unchanged from the previous month and stayed at the highest level in almost 30 years.
Russia, the world’s largest energy exporter, is preparing to cut output in the first half of 2017.
The production cut is part of an agreement with OPEC aimed at rebalancing the market.
The energy ministry has said the planned output cut will be gradual.