207
Russian news outlet Interfax reported on Tuesday that Deputy Prime Minister Alexander Novak commented on the country’s oil production levels:
“We have nearly reached the required level of oil output within OPEC+. We are close to it. We have somewhat ‘underperformed’ the target at full volume, so to speak,” Novak stated.
Advertisements
He also mentioned that the Energy Ministry will send the OPEC Secretariat a schedule for offsetting the barrels produced above the quota in the future. Countries that have not reduced production enough according to the OPEC+ agreements will offset those volumes until the end of September 2025.
Advertisements
Advertisements
Advertisements