* Russian oil output down to 11.11 mln bpd in January
* Pipeline oil exports up to 4.409 mln bpd last month
* Russia pledged to cut oil output by 300,000 bpd by H1-end
* All Russian majors cut oil output in January
Russia Oil Output Posts 24th Month of Year-on-Year Gains in July.
Production climbs 1.8% to 10.85 million barrels a day.
Weaker ruble and progressive taxes bolster Russian output.
Production climbed to 10.85 million barrels a day, according to data from the Russian Energy Ministry’s CDU-TEK unit. That was little changed from June and compares with a post-soviet record of 10.91 million barrels a day in January.