Sources: Russian oil output in early May drops to 11.16 million bpd - Reuters

Reuters quotes two industry sources familiar with data, citing that Russian oil production has fallen to 11.16 million barrels per day (bpd) on May 1-12 from an average of 11.23 million bpd in April.

The sources said that oil intake by Russian oil pipeline monopoly Transneft declined by around 6% on May 1-12 to 8.8 million bpd from average volumes in April.