Russia Is Ready To Return To Pre-Pandemic Oil Production

All Russian oil companies have confirmed they can raise production to the levels before the pandemic if the alliance chooses to proceed with monthly increases in output, Russian Deputy Prime Minister Alexander Novak said on Monday.  “I don’t see any problem, all our companies confirm that they are ready to raise production to the levels from before the cuts,” Novak said on the sidelines of the Russian-Chinese Energy Business Forum, as quoted by the TASS news agency.

  If OPEC+ were to raise production by 400,000 barrels…