Russia plans to bring its crude oil production to full compliance with the OPEC+ production cuts agreed last December, Energy Minister Alexander Novak said, as quoted by Reuters. Novak also said the country’s production in August was 143,000 bpd below its October 2018 level. The October 2018 production level made the baseline for the OPEC+ cuts. However, earlier Novak had admitted that the August production level was higher, albeit slightly, than the production level Russia had agreed to maintain as part of its commitment to the OPEC+ cuts.…
