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Russia to cut oil output by 500,000 barrels a day

By Michele Maatouk

Date: Friday 10 Feb 2023

(Sharecast News) - Russia said on Friday that it will oil production by 500,000 barrels a day next month in retaliation against Western sanctions over the war in Ukraine.
Oil prices jumped on news of the cut, which is equivalent to around 5% of January output, with Brent crude up 2.2%...

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