Russia is raising its oil production this month compared to May and expects to further boost output in July, Russian Deputy Prime Minister Alexander Novak said on Thursday. Russia is currently seeing a significant increase in its production so far this month compared to May, an increase of around 600,000 barrels per day (bpd), Novak said on the sidelines of the St Petersburg International Economic Forum, as carried by Russian news agency TASS.
“I think there are reasons to believe we will continue raising oil production in July,” Novak…Energy Secretary To Discuss High Gas Prices With Refining Executives
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