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Russia Cuts 300,000 Bpd of Oil Output as Part of Vienna Agreement - Minister

Sputnik International

Energy Minister said that Russia has cut production of around 300,000 barrels per day of oil as part of an agreement with major producers to shore up global... 28.04.2017, Sputnik International

2017-04-28T07:23+0000

2017-04-28T07:27+0000

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Russia Cuts 300,000 Bpd of Oil Output as Part of Vienna Agreement - Minister

07:23 GMT 28.04.2017 (Updated: 07:27 GMT 28.04.2017)

CC BY 2.0 / Paul Lowry / Oil Pump JackOil Pump Jack

CC BY 2.0 / Paul Lowry / Oil Pump Jack

Energy Minister said that Russia has cut production of around 300,000 barrels per day of oil as part of an agreement with major producers to shore up global prices.

A sign for Moody's rating agency is displayed at the company headquarters in New York - Sputnik International

Russia

Russian Oil Producers Credit to Remain High in 2017 Due to Currency, Tax Rates

25 April 2017, 13:43 GMT

MOSCOW (Sputnik) – Russia has cut production of around 300,000 barrels per day of oil as part of an agreement with major producers to shore up global prices, Russian Energy Minister Alexander Novak said Friday.

"As of yesterday, it was about 298,000 barrels [per day]," Novak told reporters.

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