Russia’s Oil Exports Are Set To Plunge Next Year

October 14, 2022/in /by Rudolf Huber

I am most interested in how the oil and gas exports to China will fare. Most of the stuff comes from eastern Siberian fields. Those are technically challenging and require constant work which only a few companies can perform. If this is not done, many of those wells will decline pretty fast and none of those companies is active in Russia anymore. The “cheap Russian oil and gas” bonanza for China will soon be over. But China will need a lot less energy in the future anyhow.

Russia’s Oil Exports Are Set To Plunge Next Year | OilPrice.com

Oil markets may soon see a major reduction in supply as Russia struggles to counter the looming EU oil embargo

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