Russia and FSU – Dec 18 / Jan 19

Published at 11:24 4 Feb 2019 by

Russian oil production eased m/m by 70 thousand b/d to 11.38 mb/d in January but was still higher y/y by 0.43 mb/d. Russia has agreed to reduce supply by 0.23 mb/d from the 11.42 mb/d pumped in October 2018 but we expect this to be gradual and only achieved by April.Russian crude exports fell by 0.2…

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