OPEC+ countries agree on parameters of oil deal for February and March. Russia and Kazakhstan to increase production
OPEC+ countries have agreed on production parameters in February and March 2021, Interfax reports, citing the press service of the Ministry of Energy of Kazakhstan. By the end of January, the total reduction in oil production will amount to 7.2 million barrels per day. In February, it will decrease to 7.125 million barrels per day, and in March, to 7.05 million barrels per day. Russia and Kazakhstan will increase oil production by 65 and 10 thousand barrels per day, respectively.