News list for "Russia plans to further cut production to balance OPEC quotas"

On July 17, according to people familiar with the matter, Russia plans to further cut crude oil production to make up for the production exceeding the OPEC + quota in the warm season this year and next year. The additional production cuts from Moscow are most likely to be implemented in the summer and early autumn due to technical reasons, the people said. Since starting cooperation with OPEC, Russia has said that it cannot significantly reduce production in the late autumn and winter due to the...

2024-07-16 15:58:27