From Russia With Love

28 Oct 2016:  Russia has been an important player in the energy markets for many years. If anybody needed a reminder, the Energy Information Agency (EIA) recently published an updated “Country Analysis Brief” on Russia and the numbers continue to be impressive: Russia is the world’s third largest producer of petroleum and other liquids (after Saudi Arabia and the United States) and the second largest producer of dry natural gas (the U.S. is number 1). It is also the third-largest generator of nuclear power in the world as well as a significant coal producer and exporter. In this Opinion we will focus on Russia’s crude oil production and exports, especially since Russia has become an active participant in recent discussions with OPEC to cut output and because Russian volumes have a material impact on the tanker markets (current and future). Download Here