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Russia Is Open to New Output Hike If OPEC+ Decides It's Needed

Russia Is Open to New Output Hike If OPEC+ Decides It's Needed

Bloomberg25-06-2025
Russia is open to another output hike at the next OPEC+ meeting if the alliance deems such an increase to be necessary, according to a person familiar with the nation's position.
Moscow's partnership with OPEC+ is very important and Russia will seek a solution that's acceptable for the whole group at the meeting on July 6, the person said on condition of anonymity as the deliberations are not public. The eight OPEC+ members involved in the talks, which have been rolling back their production cuts in monthly increments, may consider another hike for August, the person said.
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