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    Oil - Russian crude exports are on track to set a record this year Dhwani Mehta

    According to the latest data from the Russian Energy Ministry, Russian energy production climbed more than one percent y/y.Key Headlines via Bloomberg:Russia's output in June climbed 1.14 percent from a year earlier to 10.843 million barrels a day, with increases every month since July 2014, according to data from the Energy Ministry.Christopher Haines, head of oil and gas at BMI Research noted, "If production remains steady, then it will likely be a record year for exports. This should mean competition is strong, especially with Iran sending more oil into southern Europe."

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