•  Russian oil output set a new record of 11.11mn b/d in September as state firms Rosneft and Gazprom responded to ‘freeze’ talk by ramping up Arctic production. The companies started output at Russia’s most northerly field, Vostochno-Messoyakha, on 21 September.

•  For the first nine months of 2016 output averaged 10.87mn b/d, well up on last year’s previous post-Soviet record.

•  Despite oil prices languishing below $50/B for most of...