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Russia Nears September Oil Production Quota Amid Gradual Output Rise

Deputy Prime Minister reports production is close to agreed levels, reflecting a steady increase in output.

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Terms & Concepts
  • Oil Production Quota: An agreed limit on the amount of oil a country or organization can produce, often set to stabilize global prices.
  • Output: The quantity of goods or resources, such as oil, generated by a producer within a specific time frame.