Pavel Sorokon, a Russian Deputy Energy Minister, hinted that Russia could lift its oil production back to pre-OPEC cuts deal levels, in an interview with Reuters. Key Quotes: “Speaking about the potential in the short run, growth potential (in Russia) is at least 300,000 bpd, which was cut voluntarily by the companies as part of the OPEC agreement.” “Within a few months, we surely will be able to restore that level if such a decision is taken.” “There is not enough infrastructure, there are certain bottlenecks with the staff availability, equipment while lifting costs have started to creep up.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Scholz: Eurozone should accelerate reform efforts despite Italy situation FX Street 5 years Pavel Sorokon, a Russian Deputy Energy Minister, hinted that Russia could lift its oil production back to pre-OPEC cuts deal levels, in an interview with Reuters. Key Quotes: "Speaking about the potential in the short run, growth potential (in Russia) is at least 300,000 bpd, which was cut voluntarily by the companies as part of the OPEC agreement." "Within a few months, we surely will be able to restore that level if such a decision is taken." "There is not enough infrastructure, there are certain bottlenecks with the staff availability, equipment while lifting costs have started to creep up." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
