Russian energy giant Gazprom and the China National Petroleum Corporation (CNPC) have signed an agreement on additional gas shipments to China, the Russian company announced on Thursday. The deal was struck during a meeting between Gazprom CEO Aleksey Miller and CNPC Chairman of the Board of Directors Dai Houliang on the sidelines of the Belt and…

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Russia slashed its oil output in March by 40% more than previously announced, Bloomberg has reported, citing a source familiar with Energy Ministry data. The decline was the equivalent of around 700,000 barrels per day (bpd), the outlet stated.