Russia’s Novak: Will restore oil production by 85% in 2022

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Russia’s Novak: Will restore oil production by 85% in 2022 RussianFederation Oil WTI Energy Commodities

"For Russia, it means that in February we will reach 85% in the production recovery from the maximum reduction level we had in May and June 2020. That is, we will restore 1.7 million barrels per day.”

OPEC and its allies agreed on Tuesday to maintain a planned increase of 400,000 barrels per day in its crude output quota for February. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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