Russian oil producers have been losing oil output at Russia's onshore fields since February of this year, and a combination of tax, investment, and technical factors has led to a forecast of "dire straits", according to a new report by Moscow's Alfa Bank.
But these straits appear to be deeper and direr for oil consumers, than for Russia as a producer; especially since new oilfield developments are likely to swing the direction of oilfield growth in the direction of China. Korea, and Japan....
From MineWeb
