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2016-10-04 18:45:00

HEALTHY RUSSIAN OIL

HEALTHY RUSSIAN OIL

FT wrote, in spite of the sharp fall in the price of oil since 2014, the Russian oil industry is healthy and production, confounding many predictions to the contrary, is growing steadily.

Indeed, boosted by the launch of several greenfields this month, Russian oil output has gained around 200,000 barrel per day in September alone to a post-Soviet record of 11.18m barrels per day.

Although this booming rate of output gains cannot be sustained; slow, steady production increases from…

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Tags: OIL, PRICES, PRODUCTION, RUSSIA
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