Russia’s Novak suggests Russia has more room for deeper cuts
Crude oil prices fell more than 5% Thursday after OPEC extended a production cut deal which had originally help to buoy oil prices above $50 per barrel.

The extension will see the group continue to leave 1.2 MMBOPD of production in the ground for an additional 9 months, a decision which was already baked into oil prices leaving markets disappointed following the news.

An additional 0.6 MMBOPD of production cuts will also continue from non-OPEC countries. Russia, which makes of...


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