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OPEC+ nations’ output 550,000 barrels per day above target in January — IEA

A number of OPEC+ members, including Russia, stick to voluntary oil production cuts from the spring of 2023 to the end of 2024

MOSCOW, February 15. /TASS/. OPEC+ member states reduced crude production by 220,000 barrels per day in January 2024 to 34.87 mln barrels per day, though their output was 550,000 barrels per day above the target considering voluntary cuts, the IEA (International Energy Agency) said in its February Oil Market Report.

The targeted production level for OPEC+ countries within the agreement considering voluntary cuts totaled 34.32 mln barrels per day for January, while real output stood at 34.87 mln barrels per day, which brings the gap to 550,000 barrels per day.

Among countries that have announced new oil output cuts since January 2024, Kuwait reported the highest reduction (-120,000 barrels per day), followed by Iraq (-100,000 barrels per day). Russia slashed production by 40,000 barrels per day compared with December to 9.44 mln barrels per day. Saudi Arabia increased output slightly - by 20,000 barrels per day to 8.97 mln barrels per day without going beyond its quota though.

A number of OPEC+ members, including Russia, stick to voluntary oil production cuts from the spring of 2023 to the end of 2024. The volume of reduction total 1.66 mln barrels per day.

Moreover, Saudi Arabia additionally reduces production by another 1 mln barrels per day from last July to the end of the first quarter of 2024. Russia has deepened the reduction of oil supplies to global markets from 300,000 barrels per day to 500,000 barrels per day from January to the end of March. Several more OPEC+ nations cut output by 700,000 barrels per day in Q1 2024.

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Military operation in Ukraine

North Korean leader sees missile strikes inside Russia as Western involvement in conflict

According to the North Korean leader, it should be shown to the "US-led provocative forces" that they will achieve nothing useful if they ignore Russia's warning

Design of super-heavy rocket to be finalized based on new technologies — Roscosmos

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Russia, North Korea remain good neighbors, longtime friends — Russian defense minister

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Western analysts describe Russia's Oreshnik as longest-range weapon ever used in Europe

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Closure of Russian consulates general in Poland possible, ambassador says

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NATO growing more inclined to freeze Ukraine conflict — Russia’s SVR

"NATO has been unfolding training centers in Ukraine in an effort to train at least 1 million mobilized Ukrainians," the SVR highlighted

Russia not going to leave strikes deep inside country unanswered — Putin

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Russian troops liberate four communities in Donetsk area, Kharkov Region over week

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Bilateral exchanges between Russia, North Korea their own business — Chinese MFA

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Russian Embassy in Argentina monitors situation with malfunctioning ocean liner

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Ukrainian forces follow Russian troops’ example to use fiber optics drones, Putin says

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Japan's PM reiterates desire to sign peace treaty with Russia

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Medvedev says Zelensky's fate won't be pretty if Ukraine faces second Maidan

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Hungarian PM’s office rules out his trip to Moscow for 80th anniversary of Victory

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Russian aerospace forces eliminate at least 20 militants in Syria’s Aleppo, Idlib

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Kiev troops attempted to kill British mercenary who surrendered to Russians — officer

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Over the day, Ukraine lost more than 340 troops, an armored personnel carrier, an armored combat vehicle, 12 motor vehicles, an artillery piece and six mortars

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Russia against sending OPCW reps to probe into chemical incidents in Ukraine — diplomat

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Oreshnik becomes serious problem for Ukraine — Polish general

According to Waldemar Skrzypczak, satellite reconnaissance failed to detect the launch and flight of this missile

Zelensky reshuffles Ukrainian military command

According to the statement, Mikhail Drapaty has been appointed as the new commander of the Ukrainian ground forces

Russian scientists to develop computer working at ‘speed of light’ by 2027 — researcher

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Hungary greenlights pouring of first concrete in Paks-2 NPP foundation — MFA

Hungarian Foreign Minister Peter Szijjarto noted that in order to approve the construction of Paks-2, some not-so-simple safety measures had to be taken

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The Russian leader also mentioned military facilities and defense industry enterprises as possible targets

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Defense Minister notes active expansion of Russia-North Korea military cooperation

"We look forward to close and fruitful cooperation with our Korean comrades," Andrey Belousov said

Elite units of Syrian troops deployed to Aleppo to defeat gangs — newspaper

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Putin apologizes to Merkel over labrador incident

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FACTBOX: What to know about attacks of militants on Syria’s government forces

Ukrainian army says desertion main reason for loss of Ugledar

The Ukrainian officer said that each company in his battalion was supposed to have 120 men, but "due to deaths, injuries and desertions," some companies had as few as 10 soldiers

Britain’s MI6 chief admits London's involvement in covert operations in Ukraine

According to Richard Moore, the cost of supporting Kiev was "well known"

Kiev opposes Washington's demand for lowering draft age — media

A representative of US President Joe Biden's administration had earlier stated that the Ukrainian military is facing a critical manpower shortage

Banning import of food from New Zealand won’t affect Russia — watchdog

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Lavrov clarifies Russia's position on Ukraine crisis to foreign diplomats — MFA

"Participants in the roundtable exchanged views on the conflict and other pressing international topics," the ministry stated

Putin slams election mudslinging against Trump’s family as 'vile'

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North Korean leader Kim Jong Un meets with Russian defense minister — KCNA

"Kim Jong Un said that Korea-Russia relations are a strong security mechanism that facilitates the prosperity of the peoples in the two countries, alleviates the situation in the region and guarantees international strategic stability," the news agency said

US funds 'Nazis, maniacs' in Ukraine, Israel — American journalist

Jackson Hinkle also pointed out that the US authorities are no friend of "freedom-loving American patriots"

Belarusian President Lukashenko points to 'NATOfication' of Europe, entire world

"The arms race is rapidly gaining momentum," Alexander Lukashenko underlined

Russian football chief disappointed national team left off 2026 World Cup draw list

"Until the decision is reversed, our team will have no chance to participate in international competitions," Alexander Dyukov said

Root causes need to be addressed to settle Ukrainian conflict — Kremlin spokesman

"Everything here is much deeper than a decision to send a peacekeeper mission," Dmitry Peskov said

North Korean leader sees missile strikes inside Russia as Western involvement in conflict

According to the North Korean leader, it should be shown to the "US-led provocative forces" that they will achieve nothing useful if they ignore Russia's warning

Syrian army eliminates hundreds of terrorists, repelling their attack on Aleppo, Idlib

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Niger receives delivery of military equipment from Russia — TV

The report also stated that this delivery highlights the strengthening of military-technical cooperation between Russia and Niger

Sending EU troops to Ukraine to make peace settlement impossible — Austrian lawmaker

Harald Vilimsky noted that the joint deployment of European troops will further escalate the security situation in Europe

IN BRIEF: How Russia responded to Kiev’s strikes deep into its territory

Here are the key points about the strikes on Ukrainian military-industrial facilities

Police use water cannons against protesters at Tbilisi rally

The protesters were throwing eggs and firecrackers at the policemen

Russian passengers on Antarctica cruise liner with engine failure go on hunger strike

The liner left Cape Town on November 13 for a 20-day cruise, and passengers say they paid between $9,000 and $12,000 for the trip

Ukraine demolishes buildings with soldiers inside as Russian forces advance — DPR leader

Amid the successful advance of Russian forces, Ukrainian troops have been indiscriminately attacking civilian neighborhoods in Gorlovka, which is adjacent to Dzerzhinsk, Denis Pushilin said

UK continuing arms supplies to Kiev fraught with conflict of nuclear powers — diplomat

Andrey Kelin noted that "the British have utterly ignored all our warnings and opted for escalatory actions to further worsen the Ukrainian crisis"

Iran’s Revolutionary Guards eyes big response to Israel's latest attack

Iran’s Operation True Promise was carried out in April in response to the Israeli bombing of the Islamic republic’s embassy in Damascus

Biden unlikely to dare to seriously increase military aid to Kiev — expert

"The potential future use of Oreshnik will render ATACMS and Storm Shadow as battle-losing capabilities," a retired British diplomat and former economic counsellor at the British Embassy in Moscow Ian Proud said

Ukrainians flee from Kiev regime to regions reunited with Russia — politician

The process, which can today be confidently called the reunification of the Ukrainian people with Russia, began after the 2014 coup, Viktor Medvedchuk stressed

Welcome to Russia project helps to find spiritual, moral refuge — State Duma deputy

People want to move to Russia to preserve traditional values and maintain their own history, Maria Butina noted

Kremlin considers militants' attack on Aleppo encroachment on Syria's sovereignty

"We urge Syria’s authorities to reassert control and restore constitutional order as soon as possible," Dmitry Peskov stressed

Leonardo booking system’s functionality restored — Rostec

Aeroflot airline said earlier that the issue and the return of tickets and provision of extra services in all sales channels were temporarily complicated due to the system’s failure

Press review: CSTO discusses Russian weapons as US and Russia continue prisoner talks

Top stories from the Russian press on Friday, November 29th

Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

Strike on NATO bases possible in case of escalation, Medvedev says

He made this comment answering a question if Russia can strike military hubs in Romania and Poland

NATO spies study damage from Oreshnik at Yuzhmash — expert

Alexander Stepanov emphasized that both Kiev and its Western allies are closely scrutinizing the consequences of the strike on the plant

Russia works on transforming '3+3' platform into organization — senior diplomat

Mikhail Galuzin stressed that the '3+3' regional cooperation platform is important for harmonizing the interests of all countries of the region

Kiev's defeatist rhetoric may be masking planned attacks on Russia — expert

The enemy may be trying to lull us into a false sense of security by saying that their situation is bad, only to hit us by surprise, Andrey Marochko said

Putin signs law on taxation of digital currencies

According to the law, digital currency is recognized as property

Syrian government forces attacking terrorist headquarters in Idlib, Al-Dana — media

The Syrian army command reported on November 28 that units of the Jabhat al-Nusra extremist group had staged a large-scale attack on Syria’s northern governorates the day prior