A new article from Financial Times [1] discusses the emerging fears over Russian oil production. Russia is the world’s biggest oil producer and the second largest oil exporter.

Leonid Fedun, the 52-year-old vice-president of Lukoil, Russia’s largest independent oil company, told the Financial Times he believed last year’s Russian oil production of about 10 million barrels a day was the highest he would see “in his lifetime”.

Viktor Khristenko, Russia’s energy minister who is pushing for tax cuts that could stimulate investment, said last week: “The output level we have today is a plateau, stagnation.”

Read the article from Financial Times here: http://www.ft.com/cms/s/0/282adfd4-0a4c-11dd-b5b1-0000779fd2ac.html [2]
Article also available from: here [3]