Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower, oil executives said after meeting this week with Energy Minister Alexander Novak – a meeting which didn’t discuss the possibility that Russia may return to the OPEC+ production cut deal as earlier reports suggested. Top executives from the major Russian companies, including Rosneft, Lukoil, Gazprom Neft, Tatneft, and Surgutneftegas, met with the minister on Thursday to discuss the companies’ plans and the market situation after the collapse of the OPEC+ deal last week. Alexander Dyukov, chief executive at Gazprom’s oil arm, Gazprom Neft, told reporters that returning to the OPEC+ deal was not discussed at the meeting. The coronavirus outbreak and concerns about recession would have sent oil prices to $35 a barrel anyway, even if OPEC and its Russia-led allies had reached a deal last […]