Russia Claims It Can Maintain Oil Production At 9.9 Million Bpd

Russia expects to keep its production at 9.9 million barrels per day (bpd) in October, Russian Deputy Prime Minister Alexander Novak said on Wednesday, citing production volumes that are more than 1 million bpd below Russia’s current target under the OPEC+ deal. Russian President Vladimir Putin said on Wednesday that Russia would keep oil production and exports at that level until 2025, vowing not to give up what he considered to be his world-leading position in the global energy markets despite sanctions. “We are at the same level,…