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Russian Energy Ministry says Russian oil production was slightly above agreed to target

The Russian Energy Ministry says Russian oil production was within OPEC+ guidelines in Q1

  • Russia exceeded OPEC+ quota in April due to technical reasons
  • Russia will submit a plan soon on compensation to the OPEC secretariat

Russia is very tight with the Saudi’s and OPEC, if they broke their agreement with the cartel it’ll be fixed quickly I reckon.

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

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