Russian Energy Ministry announces that production volumes that exceeded targets since April will be fully adjusted in the future. Russia overproduced oil in May but is committed to the OPEC+ deal, planning to solve the overproduction issue in June and compensate through September. Putin extends retaliatory measures against oil price cap until end-2024.
#Russia | President Vladimir Putin extended a decree on the country’s response measures to the price cap imposed by the West on Russian oil and petroleum products until Dec. 31, 2024. https://t.co/2Hi965eGyv
#Russia: Putin extends ban on supply of oil, oil products under price cap until December 31, 2024 #oott https://t.co/0HeA0N6D8U
Russian President Vladimir Putin on Thursday extended the ban on the supply of oil and petroleum products under the price cap introduced by Western countries until December 31, 2024. https://t.co/xjPA983oGB
Russia will reach its oil production quota in June after exceeding its target output under the OPEC+ deal in May, the Russian Energy Ministry said on Thursday. https://t.co/KEzhY5EP4f
#Russia: Putin extends retaliatory measures against oil price cap until end-2024 #oott https://t.co/H3BNWBklqT
#Russia plans to compensate for producing crude #oil above its #OPEC+ quota through September 2025, its Energy Ministry said in a statement. Moscow, which pumped above April and May targets, plans to strictly comply with its quota in June, it added. More @TheTerminal
#Russia remains fully committed to the fundamental principles of the OPEC+ deal. Based on data from independent sources agreed to monitor the agreement, there was limited exceeding of agreed levels in May. In June, the issue of overproduction will be resolved with the… https://t.co/IMrbiQLxPL
#Russia will solve the oil overproduction issue in June - ministry #oott
News Alert | Russian Energy Min: Russia is fully committed to OPEC+ deal https://t.co/4m4rRJ1EXL
RUSSIA TO COMPENSATE FOR CRUDE OVERPRODUCTION THROUGH SEPTEMBER.
RUSSIAN ENERGY MINISTRY: RUSSIA OVERPRODUCED OIL IN MAY
RUSSIAN ENERGY MINISTRY: PRODUCTION VOLUMES EXCEEDED SINCE APRIL WILL BE FULLY ADJUSTED IN FUTURE
RUSSIAN ENERGY MINISTRY: RUSSIA WILL SOLVE THE OIL OVERPRODUCTION ISSUE IN JUNE.
RUSSIA IS FULLY COMMITED TO OPEC+ DEAL || RUSSIAN ENERGY MINISTRY: RUSSIA WILL SOLVE THE OIL OVERPRODUCTION ISSUE IN JUNE
🛢️ Russian oil production to remain stable over next 5 years despite sanctions https://t.co/HfYO2tPB5i