Russia reduced oil production by 200,000 bpd

MOSCOW: Russian Energy Minister Alexander Novak said on Thursday that Russia reduced oil production by 200,000 barrel per day in March in accordance with the agreement with OPEC and non-OPEC states, the ministry quoted him as saying in a TV interview.

"Russia gradually reduces oil production," he said. "We reached a cut of 200,000 barrel per day in March and expect to reach a goal of 300,000 barrel per day by the end of April."