Interesting comments coming today, 16 December, form Russian Energy Minister Alexander Novak. Full story from Reuters here.
Here is also some background reading on what Russia’s main producers have said about prices and production over the past weeks:
- Rosneft’s Sechin: oil could fall below $60/barrel next year. Russia has the potential to cut between 200,000 and 300,000 bpd production if prices remained low.
- Lukoil executive predicts significant fall in Russian oil output