Oil Prices Rise as Russia Plans Output Cuts in Response to Sanctions

Oil Prices Rise as Russia Plans Output Cuts in Response to Sanctions

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Russia said it planned to cut oil production in response to Western sanctions, sending international crude prices higher. Deputy Prime Minister Alexander Novak said Friday that Russia would throttle output by 500,000 barrels a day in March. Russia produced 9.7 million barrels a day in 2022, accordi

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