Russia has been gradually increasing its oil output: Deputy PM Alexander Novak

Russia is nearing its oil production target set by OPEC+. Deputy Prime Minister Alexander Novak stated that the country was close to meeting its output quota last month. He also indicated that there is no need to further restrict diesel exports. D...

By Reuters | Oct 08, 2025, 06.03 PM IST

Russia has been gradually raising its oil production and was close last month to meeting the output quota agreed by the OPEC+ group of leading oil producers, Deputy Prime Minister Alexander Novak said on Wednesday, the Interfax news agency reported.

Novak was also cited as saying that there was no need to further restrict diesel exports and that domestic oil refineries had increased their fuel production.

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