A day after OPEC reached a difficult agreement to boost oil production by half a million barrels daily from January, Russian Deputy Prime Minister Alexander Novak told local media that by April, the cumulative increase in output will reach 2 million barrels daily. “The compromise comes down to the fact that we will gradually increase production to the level stipulated in the agreement. By adding 500,000 bpd to total production each month during the first quarter by April, barring any force majeure, we will reach a production increase level…
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