The Russian Federation will reduce daily oil production and exports in the second quarter by 471 thousand barrels
[ad_1]
Deputy Prime Minister Alexander Novak said that Russia will further reduce oil production and exports by a total of 471 thousand bpd in the second quarter of 2024 in coordination with some OPEC+ member countries. Earlier today, the extension of production cuts by 135 thousand b/d was announced announced Kuwait.
According to statement Mr. Novak, in April Russia will reduce production by 350 thousand b/d, and exports by 121 thousand b/d. In May, the production reduction will increase to 400 thousand b/d, exports to international markets will amount to 71 thousand b/d. In June, Russia will reduce production by 471 thousand bpd.
The news is being updated.
[ad_2]
Source link
