Russia might be able to boost oil production quickly once the Organization of the Petroleum Exporting Countries and its allies (OPEC +) agree to ease production cuts, Bloomberg reported, citing analysts.
“Russia could increase production by about 700,000 barrels per day from current levels within six to 12 months. That could return the country to just under the post-Soviet annual production record of 11.25 million barrels per day reached in 2019.
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