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Russia Fully Compliant With OPEC+ Deal: Novak

OIL

Russia is fully adherent to the OPEC+ deal to reduce output by 500kbpd, while the country has exceeded cuts of 500kbpd in June, Russian Deputy PM Alexander Novak said.

  • Russian crude oil output is at 9.5mbpd now, Novak added.
  • In comparison, latest data from the Russian Energy Ministry put June crude output at 9.599mbpd. S&P Global Commodity Insights survey put Russian output in June at 9.42mbpd.

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