Russian Oil-Output Growth Losing Steam as OPEC+ May Review Plans
- Nation’s November output growth at 0.5%, lowest in 3 months
- Nearly all Russian oil production capacity is deployed
Photographer: Andrey Rudakov/Bloomberg
This article is for subscribers only.
Russia’s oil-output growth has slowed this month, as the nation’s producers are running out of spare capacity. This could give OPEC’s main ally a reason not to oppose any move by the producer group to ditch its plan to raise output next week.
OPEC+ Leans Toward Ditching Output Hike as Oil Sinks on Virus