Against the backdrop of agreements with OPEC+ participants, Russia adjusted its forecast for oil production in 2024 to 505-515 million tons - 3-5% less than the previous year, with the new estimated production being at the level of 2020, the first of the Covid-19 pandemic, when during the year companies and industries around the world drastically reduced their activity during states of emergency and states of alert, according to the Russian publication Kommersant.
