Skip to content
Subscriber Only

Russia Ready to Raise Oil Output, Keeps Door Open for OPEC+

  • Russia can hike output by 500,000 b/d in near future: Novak
  • OPEC+ can still meet, discuss production levels in May or June
A worker passes a line of oil pumping jacks in an oilfield near Neftekamsk, Russia.

A worker passes a line of oil pumping jacks in an oilfield near Neftekamsk, Russia.

Photographer: Andrey Rudakov

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible.