Russia to cut May oil output by 19% from Feb-March - Interfax, citing Lukoil

MOSCOW (Reuters) - Russia will cut its May oil output by 19% to 8.5 million barrels per day (bpd) from its February-March level of 10.4 bpd, Interfax news agency reported on Monday, citing Lukoil's head of investor relations.Lukoil will have to reduce its oil output in Russia by 300,000 bpd in May, compared with February, but Russian quotas will not affect Lukoil's activities in other countries, said Alexander Palivoda. The Organization of the Petroleum Exporting Countries (OPEC) and other..