Russia’s Deputy Prime Minister Alexander Novak claimed that the countries oil companies are ready to raise production to pre-pandemic levels If OPEC+ sticks to the original agreement of bringing 400,000 barrels per day of oil online each month, that would see Russia reach pre-pandemic levels by May While OPEC+ is set to meet to discuss pausing the production increases, Russia sees no reason to hold back at the moment All Russian oil companies have confirmed they can raise production to the levels before the pandemic if the alliance chooses to proceed with monthly increases in output, Russian Deputy Prime Minister Alexander Novak said on Monday. “I don’t see any problem, all our companies confirm that they are ready to raise production to the levels from before the cuts,” Novak said on the sidelines of the Russian-Chinese Energy Business Forum, as quoted by the TASS news agency. If OPEC+ were […]