RUSSIAN OIL PRODUCTION DOWN 0.6%
PLATTS - Despite Russia being a leading member of the OPEC/non-OPEC production cut coalition, its producers face significant uncertainty as to whether participation will continue to be profitable and provide the impetus they need to keep their crude output restrained.
Lower-than-expected oil prices and a stronger-than-expected ruble, coupled with seasonal factors and a hike in drilling rates in spring, are posing a significant likelihood of output increases toward the end of the year, which could lead to a lower…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.