Russia’s Deputy PM Alexander Novak wants oil output boosted ...Middle East

Novak said it was time to return some of the 2023 voluntary cuts to the market to help balance supply.

While Russia initially suggested pausing the July increase, it later supported a 411,000 bpd boost.

Novak said OPEC+ should stick to its current path and avoid unsettling the market with speculative forecasts.

Comments reported via Reuters overnight ICYMI.

This article was written by Eamonn Sheridan at www.forexlive.com.

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