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OPEC+ nations cut output by 20,000 bpd in August to 35.99 mbd — IEA

However, the OPEC+ deal’s parameters do not take into account voluntary cuts in production, which some OPEC+ members, including Russia, will stick to by the end of 2024

MOSCOW, September 13. /TASS/. OPEC+ member states reduced oil production slightly in August by 20,000 barrels per day to 35.99 mln barrels per day, according to the International Energy Agency’s (IEA) report.

Saudi Arabia cut output by 100,000 barrels per day to 8.98 mln barrels per day. Russia kept production at July level of 9.48 mln barrels per day, while Iraq’s output rose by 50,000 barrels per day to 4.32 mln barrels per day.

The targeted level of output by OPEC+ nations within the deal for August stood at 39.57 mln barrels per day, while real production by those countries amounted to 35.99 mln barrels per day, which brings them 3.59 mln barrels per day behind schedule.

However, the OPEC+ deal’s parameters do not take into account voluntary cuts in production, which some OPEC+ members, including Russia, will stick to by the end of 2024. Total reduction volume equals 1.66 mln barrels per day.

Moreover, Saudi Arabia additionally slashes production by another 1 mln barrels per day from July until the end of the year. Russia cuts oil supplies to global markets by 300,000 barrels per day from September until the end of the year, while in August deliveries were reduced by 500,000 barrels per day.

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US plans to remove 'arrogant' Zelensky and stage 2025 elections in Ukraine — SVR

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US administration always seeks to weaken Russia — Lavrov

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Russian troops secure ground near Novodarovka, Rovnopol in Zaporozhye Region — official

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Kiev may offer Trump resources, partial rotation of US troops in Europe — official

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Ukrainian losses: situation in Kursk Region

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US views Russia as present-day threat, Trump may prioritize containing China — Lavrov

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Elections can be held in various ways, Lavrov on Ukrainian situation

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West criticizes Russia's growing ties with Caspian region countries — presidential aide

Nikolay Patrushev emphasized that the United States and the European Union are making "efforts to dismantle relations between these states, undermine their political and trade cooperation”

Trump to end NATO’s obsession to get on Russian territory — White House ex-strategist

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Too early to talk about meeting between Assad, Erdogan — Russian diplomat

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US has no technical need to conduct nuclear tests, senior official says

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Medvedev characterizes Great Britain as eternal adversary of Russia

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West to face 'devastating' response if it allows Kiev to strike deep into Russia — MFA

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Baltic Sea will never turn into 'NATO lake' — Russian MFA

Maria Zakharova emphasized that the Baltic Sea "will always be a common space for all of the region’s countries without exception"

Trump to zero in on fragmenting BRICS, Ukraine to take back seat — expert

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