Russian decision shocks oil markets ...News

Russia Today - Economy
Russian decision shocks oil markets
source : Russia Today ( News ) () 30
The Brent crude price jumped to $90 a barrel after Moscow announced it would reduce global supplies for the rest of the year Russia will extend its voluntary cut in oil exports by 300,000 barrels per day (bpd) until the end of the year, Deputy Prime Minister Aleksandr Novak announced on Tuesday.  “The additional voluntary reduction in oil supplies for export is aimed at strengthening the precautionary measures taken by the OPEC+ countries in order to maintain stability and balance on the oil markets,” the official stated.    Russia will review its voluntary cuts monthly, in order “to consider the possibility of de

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