Russia’s oil production could fall to as much as 9 million barrels per day (bpd) in December if the EU embargo on Russian crude imports comes into effect, according to Russia’s TASS news agency reported on Wednesday, citing analysts at the Energy Development Center. “We expect December production to fall by 1.5 to 1.7 million barrels per day, or 14%, compared to the June-October average,” according to an Energy Development Center report cited by TASS.

The expected sharpness…



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