Analysts Predict 42% Decline In Russian Oil Production By 2035 ...Middle East

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Analysts Predict 42% Decline In Russian Oil Production By 2035
Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as well as the refusal by western countries to buy its crude for the most part.  Indeed, Energy Intelligence reports that in 2022, Russia’s crude and condensate production increased 2%, with oil production clocking in at 10.73 million b/d, above Russia's ministry for economic development forecast of 10.33 million b/d.  Russia managed to pull off this feat mainly by…

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