Free Trial
CZECHIA

JPM on CNB and CZK

GOLD TECHS

Trendline Resistance Within Reach

STIR

SFRH3 Given

USDCAD TECHS

Gains Considered Corrective

BRENT TECHS

(V2) Bearish Threat Remains Present

AUDUSD TECHS

Recent Move Lower Likely A Correction

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Russia Targets Higher Oil Output for July

OIL

Russia intends to increase oil production next month according to Russia’s Deputy Prime Minister Alexander Novak.

  • "In fact, we are close to the February levels when we had it at 10.2 million barrels per day, we plan to increase it further in July depending on companies' plans," Novak said a short while ago.
  • “Production is being restored as companies redirect flows” he added.
  • In a separate interview, Russia’s energy minister, Nikolay Shulginov said Russian oil production is expected to remain either flat or decline by 3-5% this year.
88 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Russia intends to increase oil production next month according to Russia’s Deputy Prime Minister Alexander Novak.

  • "In fact, we are close to the February levels when we had it at 10.2 million barrels per day, we plan to increase it further in July depending on companies' plans," Novak said a short while ago.
  • “Production is being restored as companies redirect flows” he added.
  • In a separate interview, Russia’s energy minister, Nikolay Shulginov said Russian oil production is expected to remain either flat or decline by 3-5% this year.