Russia to cut crude production by 10% within OPEC+ in 2020
Russia’s crude oil production will go down by around 10% in 2020 due to OPEC+ restrictions compared with 2019 when it reached the record 560.2 mln tonnes, Energ
"Currently companies are preparing for cutting production. In May, the reduction will amount to roughly 19% compared with the level of February 2020. Considering the work of the first four months and a gradual decrease in reduction volumes, output volumes are planned to be reduced by around 10% by the end of the year compared with last year," he said.
by TASS
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