Russian Deputy Prime Minister Alexander Novak comments reported by Interfax news agency.
This via Reuters:
- "January has not ended yet, but now (production) is at the level of December"
- In December Novak had said that Russia may cut oil output by 5%-7%, or 500,000-700,000 barrels per day (bpd), in early 2023.
- "We said that we have risks of a production decline, but so far we have not seen a decrease in production"
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Oil update. Its caught a bid from the optimism over China's reopening driving up demand:
