Russia may boost oil output quickly if OPEC+ agrees – Bloomberg

Russia could be able to boost oil production quickly once OPEC and its allies (OPEC+) agree on easing the production cuts, Bloomberg reports, citing analysts.

“Russia could boost output by about 700,000 barrels a day from current levels within six to 12 months. That could return the country to just under the post-Soviet annual production record of 11.25 million barrels a day reached in 2019, the Bloomberg survey of six analysts showed.

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