Crude exports will not drop even with lower production, analysts have predicted Russian oil production is expected to decline by 350,000 barrels per day (bpd) from February levels in a sign that Moscow is carrying out its plan for a voluntary cut, the Oilprice website reported last week, citing data from Kpler. According to the commodity tracking firm, Russian state energy companies are fulfilling the obligation, with crude output expected to reach 10.709 million bpd. In February, Russia pledged to voluntarily cut oil production by 500,000 bpd starting in March. The move followed a Western-imposed price ceiling of
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