Oil

ESAI: IEA’s Russian oil production forecast ‘optimistic’

“After reaching an absolute post-Soviet peak of 9.49 million b/d in September, Russia’s average daily production has been falling for 2 consecutive months, and November’s drop was the largest single-month decline since January 1999,” said Yulia Woodruff, ESAI’s Russian analyst.

December 17, 2004

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