Russian Deputy Prime Minister Novak: We expect oil demand to increase by 1 million barrels per day next year.
Russian Deputy Prime Minister Novak: Russia's oil production is expected to be 518 million to 521 million tons in 2024.
Russian Deputy Prime Minister Alexander Novak: We are taking the necessary measures to ensure market stability.
Russian Deputy Prime Minister Novak: Russia will not ban diesel exports, with sufficient diesel production and stable market conditions.
Russian Deputy Prime Minister Novak said Russia will consider lifting the ban on gasoline exports after the formation of a new government.
According to the Russian government's statement on Telegram, Russian Deputy Prime Minister Alexander Novak said there were no discussions within OPEC + about increasing production. Novak said OPEC + continuously monitors the market and makes decisions based on the situation.
Russian Deputy Prime Minister Novak said he is analyzing the possibility of increasing oil production under the OPEC + agreement.
Russian Deputy Prime Minister Novak: There is no need to predict further moves by OPEC +, we will look at the market.
Russian Deputy Prime Minister Novak: We have agreed to change oil production if necessary.
According to TASS: Russian Deputy Prime Minister Novak stated that due to existing refining capacity, Russia may increase fuel production.
According to the International News Agency, Russian Deputy Prime Minister Novak will hold a fuel market meeting on Tuesday.
Russian Deputy Prime Minister Novak: Russian oil producers will reduce oil production in the second quarter based on their production share.
Russian Deputy Prime Minister Novak: Reached an agreement with OPEC+countries to increase oil supply in the market if necessary.