JPMorgan: Russia Can Maintain Oil Production At Pre-War Levels ...Middle East

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JPMorgan: Russia Can Maintain Oil Production At Pre-War Levels
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Russia will likely manage to keep its oil production around the levels from before the Russian invasion of Ukraine, thanks to solid demand for Russia’s crude oil in India and China, JPMorgan said on Thursday. “We believe Russia will be able to maintain its oil production at pre-war levels of 10.8 mbd (million barrels a day) but will have difficulties getting back to peak pre-COVID volumes of 11.3 mbd,” Reuters quoted the Wall Street bank as saying.   Still, Russia could struggle to divert part of its oil product exports away…

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