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

Tuesday, 22 November 2022 | 21:00

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.

He reiterated that Russia remained a reliable oil supplier and that the introduction of a price cap on Russian oil would trigger lower supply.
Source: Reuters (Reporting by Reuters; Editing by Mark Heinrich)

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