In August Russian Federation will reduce oil export by 500 000 barrels

Investing.com — Within "efforts on ensuring balance of the market" Russian Federation will voluntary reduce in August, 2023 oil export by 500 000 barrels per day. It was declared to journalists by the Deputy Prime Minister Alexander Novak, transfers daily business newspaper "RBK daily". It is a question of additional reduction of production on this volume, he added. That is taking into account already existing decrease production in August will be reduced by 1 million barrels in comparison with February, 2023. To what level deliveries are reduced by the international markets, the Deputy Prime Minister did not specify. On Monday Saudi Arabia also reported the state agency with reference to...