russia to increase oil output by 125,000 b/d starting January: Novak

摘要

Moscow—Russian oil companies are ready to increase oil production by 125,000 b/d starting January as part of the 500,000 b/d production tweak agreed by the OPEC+ group on Dec.3, deputy prime minister Alexander Novak said. OPEC and its non-OPEC partners agreed on Dec.3 to return 2 million b/d on the market gradually over the unspecified period starting with 500,000 b/d in January, easing a collective cut down from 7.7 million b/d to 7.2 million b/d.