Russia Plots Export Increase Despite Opec Pledges to Cut

摘要

Russian officials have plotted out an increase in crude oil exports via the Transneft pipeline system of 160,000 barrels per day in the second quarter versus the first, despite sliding production from the country's West Siberian oil-producing heartland. The planned increase further undermines the credibility of pledges from top Russian officials to help Opec try to balance markets and boost oil prices by trimming exports.