Russia plans to boost oil production next year under OPEC+ agreement

Russia will support hiking production

Russia will support hiking production under the historic OPEC+ accord by 500,000 barrels a day in February if the market continues to stabilize, the deputy prime minister in charge of the energy sector, Alexander Novak, has said.

“If the situation stays normal and stable, we will support the increase,” Novak told reporters on Friday, adding that the parties to the agreement should gradually increase production to avoid jolting the market.

Continue reading https://on.rt.com/ay2j