Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.

The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.

Brent rose 34 cents, or 0.46% to $74.62 a barrel, WTI rose 30 cents, or 0.43%, to $70.40.

“Over the next 10 years there will be around a dozen units, which will need to be decommissioned. These are RBMK units. Some of them may have their operating loves slightly extended, but the vast majority will have to be decommissioned, as they say, in real time. Therefore, we need to build 17 units by 2035." Likhachev said

Voluntary production cuts by some members of OPEC is due this coming month. Russia lifts levy on Oil & Gas firms amid G7 Price cap on Crude Oil.

Brent fell 30 cents to $75.96 a barrel, WTI was down by 14 cents at $71.69 a barrel.

Earlier this year Russia introduced a voluntary cut of 500,000 b/d from March after EU sanctions on imports of most Russian oil and G7 price caps came into force.

Brent rose 59 cents, or 0.8%, to $76.45 a barrel, WTI climbed 48 cents, or 0.7%, to $72.34.

Brent rose $2.61, or 3.6%, to $75.11 a barrel, WTI was up $2.70, or 3.9%, at $71.26.

Kudankulam NPP in the Indian state of Tamil Nadu will comprise six units with VVER-1000 reactors. Work began following an intergovernmental agreement between India and Russia signed in 1988. The agreement for construction of Tianwan units 7&8 was signed by Russia and China in 1918 and commissioning is scheduled for 2026-2027.