Russia eyes record-high oil output, but sticks to ‘freeze’ option

21 October 2016, Ufa — Russia will produce 548 million tonnes (11 million barrels per day) of oil next year, a post-Soviet record, however Moscow still wants global producers to curb production amid weak prices, Energy Minister Alexander Novak said on Friday. Russia, the leading oil producer, expects the Organization of the Petroleum Exporting Countries […] More »