Goldman Sees Russian Oil Output Topping Soviet Record by 2018

By
Stephen Bierman
  • Producers may add 590,000 barrels a day by end of period
  • Rosneft to lead growth with greenfields and deposit revivals

Russian oil output will exceed the former Soviet record set almost 30 years ago by the end of 2018 as low-cost fields allow producers to defy the slump in prices, according to Goldman Sachs Group Inc.

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