Russia To Focus on Oil Production Cuts in Q2 To Catch Up with OPEC+ Allies

Russia will be cutting oil production instead of exports in the second quarter of 2024 so that all OPEC+ producers that reduce output contribute equally to the cuts, Russian Deputy Prime Minister Alexander Novak said on Friday. “This is a move to ensure an equal contribution of all countries to the production cuts,” Novak was quoted as saying by Russian news agency Interfax...

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