Russia's Deputy Prime Minister Alexander Novak last week said it would voluntarily cut production by around 5% following the start of Western price caps on Russian oil and oil products. The move temporarily pushed up global prices. (Reporting by Arathy Somasekhar in Houston)
@ArathySom;)) HOUSTON, Feb 16 (Reuters) - Russia's cutting oil
production by 500,000 barrels a day next month reflects its
inability to sell all of its crude oil, Ben Harris, a U.S.
Treasury Department Assistant Secretary, said on Thursday.
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