Russian Oil Output, Exports May Rise After Doha Deal Fails
- Production could grow by 100,000 barrels a day, Molodtsov says
- Oil shipments abroad may rise by more than 4 percent this year
What's Ahead for Oil After Doha Failure?
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Just two days after the collapse of international oil-supply talks in Doha, Russia signaled it isn’t afraid to play a game of chicken.
Freed from a plan to coordinate output with OPEC members, Russian officials said Tuesday that the country may boost both production and exports. Daily output in 2016 could grow by 100,000 barrels to 10.81 million, according to Deputy Energy Minister Kirill Molodtsov.