Russia's crude oil production should fall 350,00 barrels per day from February 2023 levels, reaching 10.709 million bpd, Kpler analysts said on Thursday in a note, indicating that the country could be making good on its promise to cut 500,000 bpd. Leading the production cut charge are Russia's state-owned companies, Kpler said, although exports are unlikely to drop.
Heading in the second half of the year, Russia's crude oil output could rebound to 10.83-10.85 million bpd, Kpler said, with higher demand coming out of China. Russia's President Vladimir…Vietnam Faces Power Cuts Amid Heatwave
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