Russia will cut oil exports by 300,000 barrels per day (bpd) in September, 鈥渁s part of efforts to ensure market stability鈥�, Deputy Prime Minister Alexander Novak said on Thursday.
This came just minutes after Saudi Arabia鈥檚 announcement to extend its existing production of 1 million bpd through September.
Russia has already had a 500,000 bpd of supply cut ongoing in August.
The new cuts were additions to the OPEC+ group鈥檚 already-existing output cap of around 2 million bpd announced in October 2022 and 1.6 million bpd announced in May.
By Sibel Morrow鈥�
Anadolu Agency
energy@aa.com.tr