Russia continued to cut its oil production in May per the OPEC+ agreements, Russian Deputy Prime Minister Alexander Novak said on Thursday, in another attempt to reassure the market that OPEC+ producers are committed to the pact and to stabilizing the oil market. “Our reduction against April continued in accordance with our OPEC+ agreements,” Novak told reporters on the sidelines of the St.
Petersburg International Economic Forum, as quoted by Russian news agency TASS. Asked about exact numbers for the May oil production,…Russia Says it Continues to Cut Oil Production under OPEC+ Deal
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