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Date Posted: 9:17:19 2/07/23 Tue
Author: Jasper
Subject: I wouldn't bet on this headline. When 3rd world industrializes and drive fuel consumption increases.

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Analysts Predict 42% Decline In Russian Oil Production By 2035

But Moscow cannot continue defying the odds indefinitely. BP Plc (NYSE: BP) has predicted that the country’s output is likely to take a big hit over the long-term, with production declining 25%-42% by 2035. BP says that Russia's oil output could decrease from 12 million barrels per day in 2019 to 7-9 million bpd in 2035 thanks to the curtailment of new promising projects, limited access to foreign technologies as well as a high rate of reduction in existing operating assets.

https://oilprice.com/Energy/Crude-Oil/Analysts-Predict-42-Decline-In-Russian-Oil-Production-By-2035.html

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