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82%  
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  • Russia Cuts Expectations For Taxable Oil Production

    10/28/2022 7:05:39 PM PDT · by BeauBo · 6 replies
    OilPrice.com ^ | Oct 28, 2022 | Julianne Geiger
    Russia’s finance ministry has slashed its forecast for taxable oil production for next year, a draft budget seen by Reuters showed on Friday. The draft budget covers the next three years and forecasts a decline in crude oil production and refining as Western sanctions bite... The finance ministry sees Russian oil and gas condensate production... a 7% - 8% decline from... (what) the ministry anticipated this year (after having already adjusted this year's estimate downward)... Expected oil refining volumes were cut by nearly 20%... The refusal of some countries to work with Russia in the oil markets and having to...