Russia reduces production above agreed with OPEC

The Russia's really committed to cuts agreed with OPEC members. The production in June had a 305 reduction to 308,000 barrels per day, compared to October 2016, cutting about of 2% above the agreed with the Organization of petroleum exporting countries.

 Despite the higher than expected reduction, Energy Minister of Russia, Alexander Novak, said that is not yet on the agenda of the country the discussion to deepen the cuts in oil production.

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