Russian Deputy PM Novak says OPEC+ sees no need for further output reductions despite lower than expected Chinese demand
- Russia to redirect 140mln/T of oil and products meant for Europe to Asia in 2023.
- Russia achieved the necessary oil output cut level in April.
Analysis details (07:33)
- Reminder, the total cuts announced by OPEC at the start of April amount to 1.157mln BPD (from May through to the end of 2023), and with Russia's previously announced 500k BPD, this equates to an OPEC+ tally total of 1.657mln BPD.
27 Apr 2023 - 07:30- EnergyImportant- Source: Newswires
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