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Tag Archives: russian oil production

Russia says oil output could decline if prices stay low

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MOSCOW – Russia will not deliberately cut oil production to prop up prices, however its output may decline if prices remain low, local news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying on Tuesday. He also said that Russia was ready to discuss measures aimed at oil price stabilization with the Organization of the Petroleum Exporting Countries (OPEC) and ...

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Russian March oil output hits new post-Soviet high

A logo of Russian state oil firm Rosneft is seen at its office in Moscow, October 18, 2012. REUTERS/Maxim Shemetov

MOSCOW – Russian oil production hit the latest in a line of post-Soviet highs in March, feeding higher exports that added to a global glut keeping crude prices low and hurting its economy. The big Gulf producers of OPEC have opted for holding on to market share, saying they will only cut output to raise oil prices if others – ...

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