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OPEC+ countries cut oil output by 246,000 bpd in April, mainly due to Russia — report

In April, the largest volume of production reduction occurred in Russia (by 154,000 bpd to 9.292 million bpd)

MOSCOW, May 14. /TASS/. Countries participating in the OPEC+ agreement in April reduced oil production by 246,000 barrels per day (bpd), the largest volume of production reduction occurred in Russia, according to the data presented in the May OPEC report.

Without Libya, Iran and Venezuela, which are exempt from production restrictions, the alliance countries' production volume amounted to 35.82 million bpd. Taking into account all the voluntary restrictions provided for in April, OPEC+ countries were supposed to produce 36.705 million bpd. That means that lagging behind the plan for the OPEC+ deal in April was 855,000 bpd.

In April, the largest volume of production reduction occurred in Russia (by 154,000 bpd to 9.292 million bpd).

Kazakhstan reduced oil production by 50,000 bpd, to 1.56 million bpd, and Iraq cut production by 32,000 bpd, to 4.181 million bpd. These two countries must compensate for the overproduction of oil recorded in the first quarter by the end of the year.

From the first quarter of 2024, several alliance countries, including Russia and Saudi Arabia, are voluntarily reducing oil production by a total of 2.2 million barrels per day to balance the market. Initially, the measure was supposed to be valid only during the first quarter, but in early March the alliance countries extended its effect into the second quarter.

In addition, a number of OPEC+ countries, also including Russia and Saudi Arabia, are voluntarily reducing oil production by a total of 1.66 mln bpd from the spring of 2023 to the end of 2024.

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Ukrainian army mercenaries from Colombia linked to US-controlled drug cartels — expert

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Rome plans to arrange Ukraine conference with Russia's participation

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Russia acted responsibly in warning US about Oreshnik missile launch, Kremlin says

The US was notified automatically 30 minutes before the launch by Russia's Nuclear Risk Reduction Center

No existing missile defense system can counter Oreshnik — US expert

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Alexey Erkhov also recalled Russia's interest in participating in the implementation of the second NPP in Turkey

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Diplomat mocks US Senator for talking about invading Netherlands

Maria Zakharova quoted the US Senator, who called the ICC a "Kangaroo court" and ICC Prosecutor Karim Khan a "deranged fanatic"

Top Israeli defense official announces construction of fence on border with Jordan

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Guterres condemns supply of anti-personnel landmines to Ukraine

The UN Secretary-General urged world leaders to join the Ottawa Convention

Potential deployment of intermediate-range missiles depends on US moves — Russian diplomat

Sergey Ryabkov stressed that "any escalation scenarios, if they start to materialize, will be a direct consequence of the reckless" and "inhumane policy that is pursued by Washington and leading European countries"

Kremlin refrains from predicting outcome of Romanian elections

Dmitry Peskov noted that Russia is well aware of Romania’s current government’s policy

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Russian forces entrap Ukrainian troops near Svatovo in LPR — military expert

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Ukrainian commander-in-chief reports threats to troops in Zaporozhye Region

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US missile defense base in Poland long among Russian army’s targets — Foreign Ministry

Maria Zakharova stated that the US-NATO construction project, ongoing for nearly a decade with complete disregard to Russian security concerns, has consistently been a focus of Russia's attention

London intensifies anti-Russian campaign in face of impending ‘Ukrainian project’ failure

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NATO spies study damage from Oreshnik at Yuzhmash — expert

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British mercenary claims he was sent to Russia’s Kursk Region against his will

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Russia’s Medvedev warns Europe could face 'catastrophic damage' from Oreshnik missile

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Russia will respond 'in every way' to Seoul’s arms supply to Kiev — MFA

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Citizens of Poland, Germany, Italy apply for residence permit in Lugansk Republic

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Ukraine abandons Selidovo, laying mines in wells — security services

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Russian diplomat doesn’t rule out missile deployment in Asia as response to US’ actions

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British military instructor captured, Ukrainian losses: situation in Kursk Region

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