Russia and FSU – Nov / Dec 2018

Published at 10:00 2 Jan 2019 by

Russian oil production rose to a record 11.45 mb/d in December, higher y/y by 0.49 mb/d. Russia has agreed to reduce supply by 0.23 mb/d by end-Q1 19 under the OPEC+ deal reached in Vienna, but it will do so gradually, cutting only 50-60 thousand b/d in January. The effect across 2019 is likely to b…

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