RUSSIA CAN ADD 600,000
PLATTS - Russian oil producers may be capable of increasing production by as much as 600,000 b/d within the next nine to 18 months if the country's agreements with OPEC and its partners allow, according to analysts.
Following the decision in June by OPEC and its oil producing partners to boost output by 1 million b/d from levels in May, Russia has pledged to add an additional 200,000 b/d to the market. The return of Russian barrels is a key factor currently weighing on markets.
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