oil production in Russia

Novak announces expected level of oil production cuts

Novak announces expected level of oil production cuts

In May and June, Russia plans to maintain a level of the oil production cuts at 300 000 barrels per day relatively to the October levels, the head of the Ministry of Energy of the Russian Federation, Alexander Novak said. "We …

The Secrets Behind Russia’s 2016 Oil Success

The Secrets Behind Russia’s 2016 Oil Success

A combination of tax measures, the dollar's value and benefits of a cheap production