MOSCOW TIME: 19.04.2024 15:54:06

Economy

Russia ready to boost oil production by more than 200,000 bbl/day within OPEC+ deal

Russia ready to boost oil production by more than 200,000 bbl/day within OPEC+ deal

Russia is ready to boost oil production within the OPEC+ oil production capping deal by more than 200,000 barrels daily in order to increase the OPEC+ production growth to 1 mln barrels.

Ministers of OPEC+ countries made a decision at their meeting on June 23 to increase oil production by approximately 1 mln barrels per day during the second half of the year and did not rule out the revision of figures in September. The deal participants will actually return to initial parameters - production cut by 1.8 barrels daily.

Source: www.tass.com

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Russia oil OPEC

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