Reported 5 months ago
Russia has announced that it exceeded its crude production commitment for April and will present a plan to make up for the extra output to OPEC and its allies. The overproduction was attributed to technicalities, and Russia remains committed to voluntary production cuts within the OPEC+ deal. The statement comes ahead of an OPEC meeting where discussions on extending output curbs are expected. Russia aims to compensate for the deviation from production targets, with plans to deepen output cuts in the coming months.
Source: YAHOO