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Russian Oil Companies Looking at Possible Extent of Production Cuts Q1 2021

Adel 2 November, 2020 6:29 pm Commodities, Market Update

Interfax news agency reported, citing sources, that senior managers of Russian oil companies discussed with Energy Minister Alexander Novak a possible extension of the current oil production cuts to include the first quarter of 2021.

Interfax, citing a source, said that oil companies favor an extension of the existing cuts during the first quarter of 2021, rather than an increase in the size of the cuts.

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