Russia to extend the cut in oil supply until October

No time to read?
Get a summary

Russia has agreed with OPEC+ on new parameters for voluntary reduction of oil supply to foreign markets. This has been reported TASS With reference to Deputy Prime Minister Alexander Novak.

“Yes it’s accepted. But we’ll make the main parameters public next week,” Novak said.

before he registered He noted that the question of extending restrictions for October is still early, but he did not rule out such a possibility. Novak emphasized in August that Russia fully fulfilled its obligations to reduce oil supply under the OPEC+ agreement.

Since March this year, the Russian Federation has voluntarily reduced oil production by 500,000 barrels per day compared to the average level in February. This decision has been extended several times, until the end of 2024.

In addition, stating that Russia reduced exports by another 500,000 barrels a day in August and plans to reduce it by 300,000 barrels in September, Deputy Prime Minister said that the final decision to reduce volumes was made by Russian oil companies.

on the eve of the Russian government reportedThat there is no shortage of fuel in Russia.

Previously recognizedHow long will oil remain the main source of world energy?

No time to read?
Get a summary
Previous Article

How the drones of the Armed Forces of Ukraine were able to fly to Pskov, and what can be expected from Kiev next?

Next Article

Attacker tricked two people into selling cars