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Russia's Novak says oil prices may allow non-OPEC+ producers to lift output
March 11, 2021
Source: Reuters

Russia's Novak says oil prices may allow non-OPEC+ producers to lift output

MOSCOW (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Wednesday there was a risk of non-OPEC+ oil producers increasing output due to higher oil prices and that oil market demand was gradually being restored.In televised comments at a meeting chaired by President Vladimir Putin, Novak said the oil market was stable now and that Russia would raise output in April due to an improved situation with the pandemic.

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