Home / Market Update / Global Stock Market / Russia expects its oil production to decrease in 2023

Russia expects its oil production to decrease in 2023

Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying on Friday that there is a possibility that the country’s oil production will decline in 2023, as a result of pressure exerted by the European Union and the ceiling set by the Group of Seven for the price of Russian oil.

Check Also

European Stocks Rise Amid Trade Optimism and Caution Ahead of U.S. Jobs Report

European stocks gained on Thursday, continuing the positive momentum from Wall Street, though caution persisted …