Russia’s Deputy Prime Minister believes the country will maintain production at 9.9 million barrels per day in October. Vladimir Putin vowed that Russia would maintain this level of production until 2025, regardless of new sanctions. Even in November, Russia’s production will be well below its OPEC+ target, and it may struggle to maintain that level when new sanctions take effect. Russia expects to keep its production at 9.9 million barrels per day (bpd) in October, Russian Deputy Prime Minister Alexander Novak said on Wednesday, citing production volumes that are more than 1 million bpd below Russia’s current target under the OPEC+ deal. Russian President Vladimir Putin said on Wednesday that Russia would keep oil production and exports at that level until 2025, vowing not to give up what he considered to be his world-leading position in the global energy markets despite sanctions. “We are at the same level, 9.9 […]