Metal & Oil & Gas News –

Mr Arkady Dvorkovich, Deputy Prime Minister of Russia, said the Reuters Russian Investment Summit that Russian oil production could fall by up to 10 percent if world prices stay consistently low for a long period. But he said that it ...

Russian oil output fell to 10.65 million barrels per day (bpd) in July, down from 10.71 million bpd in June, falling from post-Soviet highs maintained since March, Energy Ministry data showed on Sunday. The fall was mostly due to lower condensate production at Gazprom, included in the oil figures, the data ...