Novak Eyes OPEC+ Oil Output Increase by Two Million bpd by April

Russian Deputy Prime Minister Alexander Novak told state Rossiya-24 TV on Thursday the cumulative oil output increase by the OPEC+ group will likely reach a planned 2 million barrels per day (bpd) by April barring a force majeure.

OPEC and Russia on Thursday agreed to slightly ease their deep oil output cuts from January by 500,000 bpd comparing to earlier planned 2 million bpd, Reuters reports.