17.9 C
New York
Monday, May 23, 2022

Russia complying with global oil output cut deal: energy minister

Russia complying with global oil output cut deal: energy minister© Reuters. Russian Energy Minister Novak arrives at the OPEC headquarters in Vienna

MOSCOW (Reuters) – Russia has been in full compliance with its pledge to gradually cut its oil production, Russian Energy Minister Alexander Novak said in a statement on Monday.

He said Russian oil production decreased by 47,000 barrels per day in January from October, the baseline for the global oil deal aimed at a reduction of oil output.

(This story corrects oil production decrease to 47,000 barrels per day, not 48,000)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,300FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles