As reported by Foreign Intelligence Service of Ukraine
The potential for oil production growth in Russia remains minimal, positioning it as an outsider among the world’s major exporters.
According to a Ukrinform report, this information is provided by the Foreign Intelligence Service of Ukraine.
The article emphasizes that the leading players in the oil market have a significant “buffer of resilience” in production.
According to the International Energy Agency, Saudi Arabia, the United Arab Emirates, Iraq, and Kuwait are capable of collectively increasing production by nearly 3.2 million barrels per day over 90 days.
Key Intelligence Conclusions
At the same time, the technical potential for growth in Russia’s oil production is only 190 thousand barrels per day, placing it among the outsiders among the major exporters of black gold
According to the intelligence, Saudi Arabia has a surplus of 2.13 million barrels per day and the UAE 640,000 barrels per day. If necessary, these countries can promptly ramp up production.
The surplus of production capacity of OPEC countries is a hidden lever of influence over the global market, which allows them not only to stabilize prices but also to intensify competitive pressure on other exporters, notably Russia
According to Ukrainian intelligence, Russia by the end of the year could find itself in a substantial dependence on fuel imports.
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