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

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.