Russia until the end of 2024 year will extend the voluntary reduction in oil production by 500,000 barrels per day, said Russian Deputy Prime Minister Alexander Novak.
“According to the Ministry of Energy, we have reached the 500,000 barrels per day that were announced, and we will continue to continue also fulfill the effect of the agreements that have been reached,” he said.
On Sunday, a meeting of the OPEC + countries was held, as a result, it was decided to adjust the total oil production from 2024 to 40.46 million barrels per day. day. Russia from 2024 will adjust production to 9.828 million barrels per day. The decision was justified by the need to maintain the stability and predictability of the market.