Russia complying with global oil output cut deal - energy minister

FILE PHOTO: Russian Energy Minister Alexander Novak and UAE's Oil Minister Suhail Mohamed Al Mazrouei and OPEC Secretary General Mohammad Barkindo attend a meeting in the OPEC headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger - Copyright LEONHARD FOEGER(Reuters)

By Reuters

Published on 04/02/2019 - 17:04•Updated 26/04/2024 - 09:49

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MOSCOW (Reuters) - Russia has been in full compliance with its pledge to gradually cut its oil production, Russian Energy Minister Alexander Novak said in a statement on Monday.

He said Russian oil production decreased by 47,000 barrels per day in January from October, the baseline for the global oil deal aimed at a reduction of oil output.