Despite the fact that Russia pumped more than its quota under the OPEC/non-OPEC deal for two months in a row, Moscow is staying committed to the pact, Russian Energy Minister Alexander Novak said on Thursday. Russia is “fully committed” to help the oil market to return to balance, said Novak, who also announced that Russia’s compliance to the OPEC/non-OPEC production cut pact was 95.2 percent last month. The reason for the lower compliance was higher production at fields under production sharing contracts (PSA), Novak said . Russia’s oil production held onto an 11-month high in April, flat compared to March and above its quota under the OPEC/non-OPEC deal for a second consecutive month, data by Russia’s Energy Ministry showed on Wednesday. Russia pumped a total of 10.97 million bpd of oil in April, unchanged from March. Russia’s pledge in the OPEC/non-OPEC deal is to shave off 300,000 bpd from […]