RUSSIAN PETROLEUM SLUMP TO EASE SLIGHTLY IN 1994

Russia's oil production will decline again this year, but the long slide win continue to slow. Russian gas production is expected to show a rebound in 1994 after posting a slight decline in 1993. Domestic oil demand has yet to hit bottom, keeping refineries mired in a slump. The resulting decline in crude runs is increasing the surplus of crude available for export, thus keeping crude exports at high levels. Crude exports to countries outside the former Soviet Union those in a better

More in Home