RUSSIA, September 5 - A.Novak: Russia will extend an additional voluntary reduction in oil supplies to
world markets by 300 thousand barrels per day until the end of December 2023.
Now the
voluntary decision to reduce oil production will be reviewed monthly to
consider the possibility of deepening the reduction or increasing production,
depending on the situation on the world market. The measure is in addition to
the voluntary reduction previously announced by Russia in April 2023, which
will last until the end of December 2024.
The additional
voluntary reduction of oil supplies for export is aimed at strengthening the
precautionary measures taken by OPEC+ countries in order to maintain stability
and balance of oil markets.
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