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Russia To Cut Crude Exports in Sept by 300kbpd Against June Levels

OIL

Russian Deputy Prime Minister Alexander Novak said the country plans to cut oil exports in September by 300kbpd against June levels according to Interfax.

  • Novak also said October exports are under discussion with partners. So far, Russia announced exports cuts for August (500kbpd) and September (300kbpd against June levels).
  • He also reiterated that Russia met its oil export cut commitments in August.

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