Russia says it can supply more oil if needed, as OPEC+ continues to unwind cuts

摘要

Russia has ample spare capacity to raise crude production if the oil market requires, the country’s Deputy Prime Minister Alexander Novak said Oct. 14, citing a historical peak in output of 11.3 million to 11.4 million b/d. Russia’s crude production targets under the OPEC+ accord are 9.809 million b/d in October and 9.913 million b/d in November, though it has regularly pumped in excess of its quota.