Russia Says It May Cut Daily Oil Output by 700,000 Barrels
Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak.
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### Instruction: Russia Says It May Cut Daily Oil Output by 700,000 Barrels

### Response: Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of Seven’s price cap on the nation’s crude exports, according to Deputy Prime Minister Alexander Novak.