Christopher Granville

Managing Director, EMEA and Global Political Research
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James Henderson

Senior Advisor, Energy
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Russian oil – volume gearing

Overview

Short-term support for the oil price from the expected imminent extension of the OPEC-Russia production restraint agreement will not relieve structural downward pressure on the oil price. For Russia – as for other low-cost producer-countries – this reality highlights the importance of volume growth as the key to sustaining revenue while, at the company level, such growth is crucial for...

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