Novak pledges 100% compliance with OPEC+ deal

Russian Energy Ministry is committed to reaching 100% compliance with an international pact led by the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil output in May, the ministry's head Alexander Novak said.

Russia’s oil output stood at 10.97 million barrels per day in April, unchanged from an 11-month high in March and above a target set under a deal with other oil producers on curbing output, Reuters recalls.