Russian Oil Minister Novak: I don't have information of some at OPEC+ proposing to raise oil output above plan By Frank_Macro OPEC RussianFederation
output above the existing plan, reported Reuters. Novak continued that it is too early to talk about the need to adjust Russia's OPEC+ quota because of sanctions and said that Russian companies expect difficulties with logistics and payments on energy supplies in April and May. Oil markets continue to tick higher, with front-month WTI futures currently at session highs in the $114.00 area and up about $5.50 on the day, with the latest headlines unlikely to do much to dissuade the bulls.
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