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10/15, 11:19 AM (Source: TeleTrader)
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Novak: Russian gas production at max capacity

Russian gas production is currently running at maximum capacity, the country's Deputy Prime Minister Alexander Novak (pictured) said on Friday.

"Spot gas sales could resume once filling of Russian gas storages is completed," the official added.

Previously, Novak argued that the oil market can't reach the volatility levels currently seen in the gas industry, mainly due to agreements between OPEC+ members. Russia's average crude oil output was at approximately 9.8 million barrels per day in October, he reported.

Breaking the News / MD