Bloomberg - Jan 18 - Russia struggle continues...Most of those investing in Oil and Gas have known for quite some time Russia is struggling. Further information on the situation
Reference:
https://www.bloomberg.com/news/articles/2022-01-18/russia-seen-struggling-to-keep-pace-with-opec-oil-supply-hikes?sref=By7uNNel "Russia Seen Struggling to Keep Pace With OPEC+ Supply Hikes"
"Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling to ramp up even as fuel demand rebounds from the pandemic.
With crude already trading above $85 a barrel in London, the outlook for Russian output leaves the global market looking even tighter than expected. It risks amplifying the energy-price surge that’s contributing to the highest inflation in decades.
In the booming Asian physical market, Russian premium ESPO crude -- a favorite grade among Chinese processors -- has already surged to the highest since November amid declining inventories in China, according to traders."