![To catch up with OPEC+ allies, Russia will focus on oil production cuts in Q2](https://market-tracker.in/wp-content/uploads/2024/03/hq_oil-1-600x400.jpeg)
To catch up with OPEC+ allies, Russia will focus on oil production cuts in Q2
Russia will drop oil production rather than exports in the second quarter of 2024 to ensure that all OPEC+ nations who lower output contribute equally to the cuts, according to the Russian Deputy Prime Minister. When OPEC+ members declared in early March that they intended to extend the cuts into the second quarter, Russia modified…