Russian Deputy PM Novak says Russia is to voluntarily cut production by 500k BPD in March [oil only]; price cap on Russian oil and oil products interfere with market relations; reiterates will not sell oil to those who adhere to the price cap.
Important
SourceNewsquawk
SectionEnergy & Power
- There is a risk that oil price caps will be applied to other global economy sectors.
- Will take further actions depending on the market situation.