Russia deputy PM Novak says Russia may cut oil output by 5 to 7% - response to price cap

Ruusian Deputy PM Novak in RIA media.

• Says Russia may cut its output of oil by 5 to 7% in early 2023
• as it responds to price caps
• may cut by 500k-700k barrels per day (numbers via TASS, also Russia media)

Earlier re Russia oil:

• Dec. Exports of Russia's Urals crude blend from Baltic Sea ports may fall by up to 20%