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Russia's Novak eyes OPEC+ oil output increase by 2 million bpd by April

December 03, 2020 at 04:37 pm EST

MOSCOW (Reuters) - Russian Deputy Prime Minister Alexander Novak told state Rossiya-24 TV on Thursday the cumulative oil output increase by the OPEC+ group will likely reach a planned 2 million barrels per day (bpd) by April barring a force majeure.

OPEC and Russia on Thursday agreed to slightly ease their deep oil output cuts from January by 500,000 bpd comparing to earlier planned 2 million bpd.

(Reporting by Vladimir Soldatkin; Editing by Chris Reese)

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Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	89.61 USD	-0.27%	-0.64%	-
WTI	84.83 USD	-0.56%	-1.48%	-
US DOLLAR / RUSSIAN ROUBLE	94.14 RUB	+0.66%	+1.66%	-

Alexander Novak

Alexander Valentinovich Novak is the Deputy Prime Minister of Russia. Presently, he is Chairman at Transneft PJSC and Chairman of ROSSETI PJSC. Mr. Novak is also on the board of 5 other companies. In his past career he occupied the position of Deputy Governor at Province of Krasnoyarsk and Deputy Director-Personnel & Head-Polar Division at Norilsk Mining & Metallurgical Combine Named After Zavenyagin. He received an undergraduate degree from Norilsk State Industrial Institute and an undergraduate degree from Moscow State University Lomonosov.

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