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  • Why is Russia reducing oil output in the second quarter?
  • REUTERS/Vasily Fedosenko/File Photo Purchase Licensing Rights MOSCOW, March 25 (Reuters) – Russia’s government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target of 9 million barrels per day (bpd) by the end of June in line with its pledges to OPEC+, three industry sources said on Monday.
  • What happened to Russia’s Crude oil production in 2023?
  • in the first two months of 2023. Russia then announced a 500 kbpd voluntary output cut for crude oil from March 202333, to be measured against the output in February 2023, and overall production fell to just above 10.5 mmbpd in March, as confirme
  • How did the Russian oil industry achieve a’miracle in the oil fields’?
  • pd in 2004, up 50% for the period. Thane Gustafson, the famous scholar and historian of the Soviet and Russian oil and gas industries, attributes “the miracle in the oil fields” to a set of innovative practices introduced by two Russian oil companies, Yukos and Sibneft, in the early 2000s, which were consequently adopted and widely applied by th
  • Is a mysterious fleet helping Russia ship oil around the world?
  • A mysterious fleet is helping Russia ship oil around the world. And it’s growing In a statement, Novak said the global oil market was under unprecedented pressure, citing Western energy embargoes against Russia and what he called dangerous attempts to cap the price of Russian oil .