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Home Russia Oil & Gas News

Russia’s Novak eyes OPEC+ oil output increase by two million bpd by April

December 4, 2020
in Russia Oil & Gas News
Russia’s Novak eyes OPEC+ oil output increase by two million bpd by April
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FILE PHOTO: Russian Energy Minister Alexander Novak attends the Energy Week International Forum in Moscow, Russia October 3, 2019. REUTERS/Evgenia Novozhenina

MOSCOW (Reuters) – Russian Deputy Prime Minister Alexander Novak told state Rossiya-24 TV on Thursday the cumulative oil output increase by the OPEC+ group will likely reach a planned 2 million barrels per day (bpd) by April barring a force majeure.

OPEC and Russia on Thursday agreed to slightly ease their deep oil output cuts from January by 500,000 bpd comparing to earlier planned 2 million bpd.

Reporting by Vladimir Soldatkin; Editing by Chris Reese



www.reuters.com

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