In September, Russia intends to reduce oil exports by 300 thousand b/d to the average level of the May-June period, Russian Deputy Prime Minister Alexander Novak told reporters. Commenting on the base of the decline in exports, he said that exports will decline from July, so the decline in the framework of voluntary commitments is counted from the level of June. He also stressed that Russia fulfilled its obligations to reduce oil production in August. For the first time, Russia announced a voluntary reduction in supplies to the world market from August 1 – by 500 thousand b/s. In September, it was decided to reduce them by 300 thousand b/s

Source: Turan News Agency