Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement, Energy Minister Nikolai Shulginov said on Thursday. Russian oil production will reach 506 million tons by the end of this year, which would be 1 percent down from last year, the minister told reporters on the sidelines of an economic forum in Vladivostok, as carried by Russian news agency TASS.
“Oil production is 1% lower than last year. I believe that this trend will continue. By the end of the year, it will…Russia’s Oil Production To Drop By Just 1% This Year
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