Official statements from Russian government or OPEC+ reports

Russia Meets OPEC+ Oil Production Targets by End of August

Sep 2, 2024, 01:09 PM

Russia has successfully reduced its oil production to the required levels as stipulated by the OPEC+ agreement by the end of August 2024. This announcement was made by Deputy Prime Minister Alexander Novak, who confirmed that the country has complied with the production cutbacks according to data available at the end of the month. The adjustment aligns with Russia's commitments to stabilize oil markets, reflecting its compliance with the international agreement. This development was reported by the Interfax news agency.