Russia Says Its Oil Output May Have Peaked

摘要

Russia’s production of crude oil and gas condensate may have peaked in 2019 at a level that it will never equal or surpass again, according to a draft document prepared by the energy ministry. Energy Intelligence obtained a copy of the document, which is a road map of sorts for development of the country’s oil industry through 2035. Base-case projections show output of crude and condensate falling to 10.71 million barrels per day this year from 11.25 million b/d in 2019.