Russian 500,000 b/d crude production cut plan currently just covers March

Russian Deputy Prime Minister Alexander Novak said Feb. 21 the government’s decision to cut crude production by 500,000 b/d currently only covers March but may be extended, the Tass news agency reported. “We will watch how the situation on the market develops, and based on this, market decisions will be taken. For now, the decision is only for March,” he…