Welcome! Log In Create A New Profile Recent Messages

Deep Creek Hot Springs

The Moon is Waxing Gibbous (84% of Full)


Advanced

Re: SC65

All posts are those of the individual authors and the owner of this site does not endorse them. Content should be considered opinion and not fact until verified independently.

April 14, 2008 10:08PM
http://www.ft.com/cms/s/0/282adfd4-0a4c-11dd-b5b1-0000779fd2ac.html?nclick_check=1

Fears emerge over Russia’s oil output

Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.

The warning comes as crude oil prices are trading near their record high of $112 a barrel, stoking inflation in many countries.

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 10m barrels a day was the highest he would see “in his lifetime”. Russia is the world’s second biggest oil producer.

Mr Fedun compared Russia with the North Sea and Mexico, where oil production is declining dramatically, saying that in the oil-rich region of western Siberia, the mainstay of Russian output, “the period of intense oil production [growth] is over”.

The Russian government has so far admitted that production growth has stagnated, but has shied away from admitting that post-Soviet output has peaked...................
SubjectAuthorViewsPosted

SC65

Wizard 772April 04, 2008 07:09PM

Re: SC65

Wizard 511April 05, 2008 10:20PM

Re: SC65

Wizard 414April 05, 2008 10:52PM

Re: SC65

Wizard 463April 05, 2008 11:40PM

Re: SC65

Wizard 472April 06, 2008 07:47PM

Re: SC65

Wizard 385April 06, 2008 10:26PM

Re: SC65

Wizard 449April 07, 2008 08:48PM

Re: SC65

Wizard 441April 07, 2008 08:55PM

Re: SC65

Wizard 385April 10, 2008 08:11PM

Re: SC65

Wizard 482April 10, 2008 09:00PM

Re: SC65

Wizard 379April 10, 2008 09:19PM

Re: SC65

Wizard 611April 14, 2008 10:08PM

Re: SC65

Wizard 483April 15, 2008 11:53AM

Re: SC65

Wizard 535April 15, 2008 12:30PM

Re: SC65

Wizard 398April 16, 2008 09:12PM

Re: SC65

Wizard 538April 16, 2008 10:55PM

Re: SC65

Wizard 822April 16, 2008 11:29PM



Sorry, only registered users may post in this forum.

Click here to login