- Russia’s finance ministry has slashed its forecast for taxable oil production for next year, a draft budget seen by Reuters showed on Friday.
- After the drop off to 490 million tonnes next year, the finance ministry expects oil production to increase to 500 million tonnes for 2024 and 2025.
- Oil refining and export volumes that are subject to tax have been revised downward to 8.20 million bpd next year, from the previously expected 10.15 million bpd.
Russia Cuts Expectations For Taxable Oil Production
