Russia would have to slash oil production by 20% within a year or two after an EU embargo, even if China ramps up buying, says top oil analyst: ‘It’s really a worst-case scenario’

  • May 6, 2022
  • Comments Off on Russia would have to slash oil production by 20% within a year or two after an EU embargo, even if China ramps up buying, says top oil analyst: ‘It’s really a worst-case scenario’

Russia could slash oil production by 20% within “a year or two” after an EU oil embargo, a top oil analyst told Insider. Moscow has already been exploring different oil markets in Asia, and has also sent cargoes to South Africa for storage.…

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