Published November 05,2023
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Russia will proceed the extra voluntary provide lower of 300,000 barrels per day from its crude oil and petroleum product exports till the tip of December 2023 as beforehand introduced, Deputy Prime Minister Alexander Novak mentioned on Sunday.
Russia has agreed to undertake two separate reductions in oil provide: in April it determined to chop crude output by 500,000 barrels per day (bpd) till the tip of 2024, whereas in August it mentioned it could scale back exports by 300,000 bpd till the tip of this 12 months.
According to Novak, Russia will contemplate subsequent month whether or not to deepen its voluntary export cuts or enhance manufacturing.
Source: www.anews.com.tr