Russian Federation confirmed voluntary reduction of export of oil until the end of the year

Russian Federation decided to continue to reduce deliveries oil by the world markets on 300 thousand barrels a day to maintain stability and balance of the oil markets. The Deputy Prime Minister declared Russian Federation Alexander Novak. It is quoted by information agency "ITAR-TASS". This decision was made on September 5. According to it deliveries decrease until the end of 2023. The decision is revised every month. "Next month analysis the market for the purpose of making decision on deepening of reduction or increase in productions [supply] of oil will be carried out. It is addition to the voluntary reduction which has been earlier declared by Russian Federation in...