- Third-quarter oil production at Russia’s Rosneft, the world’s largest listed oil company by output, declined by 1.4 percent, year-on-year, to 57.88 million tons, the company said on Tuesday, amid global efforts to curb output.

The current global oil deal to cut oil production runs through to the end of March 2020.

Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, accounts for around 4% of Russia’s total oil production.