Russia Sees Risk Of Oil Output Dipping In 2023

Russian Deputy Prime Minister Aleksandr Novak said on February 10 there were risks that Russia's oil production could drop in 2023, under the pressure of a European Union embargo and a G7 price cap on Russian oil, Russian news agencies reported. Russian oil production defied numerous predictions of a decline amid Western sanctions over Ukraine and rose by 2 percent last year to 535 million tons (10.7 million barrels per day) thanks to a jump in sales to Asia, especially, to India and China. To read the original story by Reuters, click here.