Russian oil output seen at up to 547 million T in 2016

12 September 2016, Moscow — Russia’s oil output, the world’s largest, is seen rising 2.2 percent this year, above expectations, to reach almost a 30-year high of 546-547 million tonnes as companies ramp up drilling, two sources close to the Energy Ministry said on Monday. Russia has constantly exceeded forecasts for oil production which has […] More »