Russia complying with global oil output cut deal: energy minister

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)

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