Russia Claims to Be Fully Compliant with OPEC+ Output Quota ...Middle East

Russia is fully complying with its oil production quota under the OPEC+ output deal in January and February, Russian Deputy Prime Minister Alexander Novak said on Wednesday. Moscow classified oil and gas production and export data after the invasion of Ukraine and the sanctions and embargoes that the West imposed on Russian oil in an effort to reduce Putin’s revenues. OPEC, the larger OPEC+ group that includes Russia, and market analysts and watchers are relying on estimates from independent sources and vessel-tracking data to monitor and…

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