Whether it is from the time node or the intensity of production cuts, Russia's actions this time have exceeded market expectations.。Overlapping the previous sharp drop in Moscow's crude exports due to weather problems and planned overhauls, international oil prices rose in early Asian trading on Monday。

Russian Deputy Prime Minister Alexander Novak says Russia will extend oil export cuts of 300,000 barrels a day until the end of the year.。Novak said in a statement: "The additional voluntary reduction in oil exports is aimed at strengthening the preventive measures taken by OPEC + countries to maintain stability and balance in the oil market."。Russia has pledged to cut crude oil exports by 300,000 bpd in September, down from a 500,000 bpd cut last month.。Novak said last week that Russia and OPEC + partners agreed on further cuts in oil exports。