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Russia to Stick With Voluntary Oil Export Cuts Until Year-End - Bloomberg

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Russia to Stick With Voluntary Oil Export Cuts Until Year-End - Bloomberg

Russia to Stick With Voluntary Oil Export Cuts Until Year-End

Russia will stick to its voluntary oil exports cuts through 2023 in a move to balance the oil market, according to Deputy Prime Minister Alexander Novak.

The nation will continue with a policy of curbing overseas supplies of crude and oil products by 300,000 barrels a day until the end of December, Novak said in a statement on Sunday.

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Russia to Stick With Voluntary Oil Export Cuts Until Year-End

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