More countries may join oil production cut – official ...News

Other OPEC+ members may want to further stabilize the oil market, Russian Deputy PM Aleksandr Novak suggests More oil-producing nations may slash their crude output, Russian Deputy Prime Minister Aleksandr Novak warned on Monday. His comments follow the decision on Sunday by several members of the OPEC+ group to introduce voluntary additional cuts to their output starting from May until the end of 2023, in order to stabilize the oil market. Some of the major producers, such as Russia, Saudi Arabia, Iraq and Kuwait, pledged a total of 1.66 million barrels per day (bpd) of cuts on top of the ones already introduced

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