Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May

Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian Deputy Prime Minister Alexander Novak said on Friday. “It will be better than in April. Close to 100%,” Novak told reporters on the sidelines of an economic forum in Russia, as quoted by the TASS news agency.   Russia, the key ally of Saudi Arabia in the OPEC+ oil production agreement, has regularly failed to comply with its quota under the deal. It was estimated to have achieved just a 91 percent compliance rate in April.…