Russian Deputy Prime Minister Novak: OPEC + will discuss current market conditions and forecasts and make some adjustments if necessary.
Russian Deputy Prime Minister Alexander Novak called on OPEC + countries to make an equal contribution to the balance of supply and demand in the oil market, urging OPEC + countries to abide by the oil production limit and compensation plan.
Russian Deputy Prime Minister Alexander Novak: OPEC + is not considering delaying the April production increase.
Russian Deputy Prime Minister Novak: We expect oil demand to increase by 1 million barrels per day next year.
Russian Deputy Prime Minister Novak: Russia's oil production is expected to be 518 million to 521 million tons in 2024.
Russian Deputy Prime Minister Alexander Novak: We are taking the necessary measures to ensure market stability.
Russian Deputy Prime Minister Novak: Russia will not ban diesel exports, with sufficient diesel production and stable market conditions.
Russian Deputy Prime Minister Novak said Russia will consider lifting the ban on gasoline exports after the formation of a new government.
According to the Russian government's statement on Telegram, Russian Deputy Prime Minister Alexander Novak said there were no discussions within OPEC + about increasing production. Novak said OPEC + continuously monitors the market and makes decisions based on the situation.
Russian Deputy Prime Minister Novak said he is analyzing the possibility of increasing oil production under the OPEC + agreement.