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Free AccessNovak Warns Risks Remain for Russian Crude Production
Risks remain for Russian crude oil production because of sanctions according to Deputy Prime Minister Alexander Novak.
- "Yes, there are such risks. But we will assess them in the near future," he said.
- Earlier this week, Novak said that Russia’s oil production in January 2023 remained at the level of November-December 2022 when it amounted to approximately 9.8-9.9 mln barrels per day.
- He also said that Russia was maintaining those output levels into the first week of February.
- He added that no Russian oil company had asked to carry out transactions in accordance to price caps.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.