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Russia may cut oil output due to price cap -deputy PM

Reuters WORLD
Published November 21,2022
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(REUTERS File Photo)

Russia will not ship oil or oil products to countries imposing a price cap on its oil exports and may also cut crude production, Deputy Prime Minister Alexander Novak said on Monday.

He reiterated that Russia remained a reliable oil supplier and that the introduction of a price cap on Russian oil would trigger lower supply.