Russia Finally Brings Oil Production Below OPEC+ Cap
A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in line with its share of the cuts, producing below its OPEC+ quota for the month of May. Russia’s oil production between May 1 and 16 averaged 11.156 million bpd, Reuters reported on Friday, quoting two industry sources, which means that Moscow is now below its quota under the production cut deal. As part of the OPEC+ production cuts between January and June... Читать дальше...