Russia will be able to keep pace with any easing of OPEC+ production cuts in both the short and medium term, according to analysts including Bank of America Corp. and Fitch Ratings Inc.
As the cartel discusses whether to boost output further in August, there has been renewed speculation about whether record production cuts could have permanently damaged Russian fields. While some old and inefficient wells have been shut for good in the past year, the country has largely preserved its pre-pandemic capacity, according to a Bloomberg survey of six analysts.
