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Crude Economics
Rosneft “Plans” to Cut Output Ahead of Big Freeze Meeting
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  • Andrew Allison

    This is all posturing. Rosneft would like everybody to cut production in the (forlorn) hope of increasing prices. It’s not going to happen, and the most likely trajectory for oil prices is DOWN.

  • Jacksonian_Libertarian

    Russia’s old fields are already declining in production, as are OPEC’s oil fields. So declaring a cut in output is likely a gimmick which is just an expression of Rosneft’s development failures, making lemonade out of lemons so to speak.

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