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Russia’s Oil production in July kept at June’s level under OPEC+ deal - energy ministry
Russia’s oil production in July remained at June’s level, as agreed under the OPEC+ deal, the Russian energy ministry said on Sunday. "Under the OPEC+ agreements, Russia kept oil output in July at June’s level. The compliance rate will be close to that in June," it said. Russian Energy Minister Alexander Novak said earlier that Russia’s compliance rate in June had been 99%. Under the OPEC+ deal that came into force on May 1, the member nations are to cut oil production by 9.7 million barrels a day in May-July. Russia and Saudi Arabia however are to cut output by 2.5 million barrels a day from the level of ... (full story)