Russia said to support OPEC+ output increase in February By Evgenia Pismennaya on 12/21/2020 Russiaâs Deputy Prime Minister Alexander Novak (Bloomberg) --Russia intends to support a further increase in OPEC+ production at the groupâs meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the countryâs oil policy. As of now, Moscow believes it makes sense to raise OPEC+ output by 500,000 barrels a day in February, matching the hike already agreed for January, the officials said, asking not to be named because the information is confidential. That would be the maximum supply increase allowed by the accord that emerged from the cartelâs difficult talks in early December. Other members of the group would need to agree for the output expansion to go ahead.