Russia Deputy PM Novak: Plans to cut oil output in Mar by 500Kbpd to improve market situation

Russia Deputy PM Novak: Plans to cut oil output in Mar by 500Kbpd to improve market situation

(RU) Russia Deputy PM Novak: Plans to cut oil output in Mar by 500Kbpd to improve market situation
(More at https://t.co/3d9es3nR7A)
— TradeTheNews.com (@Trade_The_News) February 10, 2023

Added at 3:31am

RUSSIA'S NOVAK SAYS PRICE CAP ON RUSSIAN OIL AND OIL PRODUCTS IS INTERFERENCE IN MARKET RELATIONS
— First Squawk (@FirstSquawk) February 10, 2023

Added at 3:31am

RUSSIA'S NOVAK SAYS PRICE CAPS MAY LEAD TO CUTS IN INVESTMENTS IN OIL SECTOR AND OIL SHORTAGES #News #Markets #OIL #RUSSIA #capitalhungry
— Capital Hungry (@Capital_Hungry) February 10, 2023

Added at 3:31am

RUSSIA’S DEPUTY PM NOVAK: RUSSIA WILL NOT SELL OIL TO THOSE WHO DIRECTLY OR INDIRECTLY ADHERE TO THE PRICE CAP.
— Breaking Market News (@financialjuice) February 10, 2023

Added at 3:32am

*NOVAK: RUSSIA PLANS TO CUT MARCH OUTPUT BY 500KB/D
*NOVAK: RUSSIA WON'T COMPLY WITH ANY WESTERN PRICE CAPS
*BRENT CRUDE TURNS HIGHER AFTER RUSSIA SAYS IT PLANS OUTPUT CUT
— tradehaven (@Trade_Haven) February 10, 2023

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#1
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Feb 10, 2023 4:27am Feb 10, 2023 4:27am

Trader#AF0B
| Status: Unregistered Trader

Cad, here we go.

#2
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Feb 10, 2023 6:53am Feb 10, 2023 6:53am

alter
| Joined Jul 2008 | Status: Trader | 29 Comments

This can be the problem over the long term, capacity will be limited not just from Russia but also due to so called green activities that EU pushes and limit investments in oil industry. Once curent wells are drilled there is not enought inftastructure and investment to cover rising demand for oil. And of cours world can not live without Rusian oil. Maybe EU yes but at the costs that most of other countries can not afford to pay.

#3
Quote
Feb 10, 2023 8:16am Feb 10, 2023 8:16am

pitekx
| Joined Mar 2015 | Status: Trader | 1 Comment

they can't sell oil outside so decided to cut production to improve market situation ;D

Story Stats

Posted: Feb 10, 2023 3:24am
Submitted by:
Newsstand

Category: Medium Impact Breaking News

Comments: 3 / Views: 3,896