Novak: Russia’s Crude Production Up In May ...Middle East

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Novak: Russia’s Crude Production Up In May
source : OILPRICE ( Middle East ) () 17
Russia’s crude oil production is on the rise so far in May, Deputy Prime Minister Alexander Novak told TASS news agency on Monday. Russia’s crude oil production slipped by half a million bpd in March, by a full million bpd in April, with many analysts stating concern that those barrels may never return to the market. April’s OPEC+ production quota was set at 10.436 million bpd. But according to Novak, the picture isn’t quite so bleak, with Russian crude oil production now stabilizing despite sanctions. “Looking at…

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