Official: Russia to keep 500,000 bpd oil output cut till July - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Official: Russia to keep 500,000 bpd oil output cut till July

MOSCOW, Mar 21 (PRIME) Ц Russia will continue to reduce its oil production by 500,000 barrels per day until July, Deputy Prime Minister Alexander Novak told reporters on Tuesday.

УThe decision on a voluntary reduction of production by 500,000 barrels per day will be in effect through June 2023,Ф he said.

He also said that Russia was close to the reduction target, and that the level should be achieved in a few coming days.

In February, Novak said that Russia would voluntarily reduce its production by 500,000 barrels per day in March following introduction of the price caps on Russian oil and oil production by the West. The decision will help restore market relations, he said then.

End

21.03.2023 17:50
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 102.2485 -0.1121 23 sep
USD 96.0419 -0.0343 23 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3049.07 +0.99 18:51 22 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.64 +0.48 23:14 22 sep
lkoh 6379.00 0.00 23:50 22 sep
rosn 508.00 -4.03 23:50 22 sep
sber 252.04 +0.75 23:14 22 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 102.0125 +0.6775 14:59 22 sep
USDTD 95.9450 0.0000 17:44 22 sep