Slashing production. Russia’s deputy prime minister said Moscow will cut oil production by 500,000 barrels per day in March, following the West’s introduction of a price ceiling. Other OPEC+ countries are reportedly not planning a counteraction. Russia’s revenue from oil sales declined in January, when Moscow posted a $25 billion federal budget deficit. Tension between […]
- Regional Directory
- Americas
- Analysis
- Asia Pacific
- Central Asia
- Daily Memo
- Eurasia
- Europe
- South Asia
- United States
Daily Memo: Russia Cuts Oil Output, Poland Closes Border Crossing
Warsaw said its move to close a checkpoint on the Belarusian border was over security concerns.
