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Oil a big winner on the day as Russia says that it would cut production in March

Oil a big winner on the day as Russia says that it would cut production in March

The decision by Russia is to voluntarily cut oil output by 500k bpd in March, with Novak stating that this will "facilitate the restoration of market relations". He also adds that Russia may take further actions depending on the market situation and it is being reported that Russia did not consult with OPEC+ on the decision.

If anything else, the fact that Russia is acting independently is a major blow to those hopi... Read More

Posted: Feb 10 2023, 09:51
Author Name: forexlive
Views: 082374

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