Russia Says There Isn’t Discord with OPEC+ over Oil Overproduction

There is no discord between Russia and OPEC+ over Moscow’s recent poor compliance with the group’s production cuts, Russian Deputy Prime Minister Alexander Novak said on Thursday. The overproduction of some OPEC+ members – most notably Iraq, Kazakhstan, and Russia – has been an issue for the alliance, which has tentative plans to start easing part of the voluntary cuts in the fourth quarter of this year, market conditions permitting. “We don’t have any friction, as you put it,” Novak told reporters in Moscow…