Russia To Cut Oil Output Under OPEC-non-OPEC Deal By 228,000 Bpd By April - Novak

Russia to Cut Oil Output Under OPEC-non-OPEC Deal by 228,000 Bpd by April - Novak

The average daily reduction in oil production in Russia under the OPEC-non-OPEC deal by the end of March will be 228,000 barrels from the level of October 2018, which is the target indicator, Russian Energy Minister Alexander Novak told reporters Monday

SOFIA (Pakistan Point News / Sputnik - 04th March, 2019) The average daily reduction in oil production in Russia under the OPEC-non-OPEC deal by the end of March will be 228,000 barrels from the level of October 2018, which is the target indicator, Russian Energy Minister Alexander Novak told reporters Monday.

"We have an understanding that in March, higher rates will be achieved in fulfilling the agreement parameters. And by the end of March - early April we will reach the planned figures - 228,000 barrels," Novak said.