Russian Oil: Resilience, Innovation, and Strategic Adaptation
Energy Outlook Advisors
FEBRUARY 6, 2025
In 2022, oil prices rose to about $130/b due to fears from the IEA, EIA, and others about potential Russian oil supply losses, predicting a 3-5 mb/d decrease from sanctions. Velina Tchakarova, a renowned political strategist, highlights the resilience of Russian oil production and exports. The actual decline was less than 300 kbd.
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