Page 1 - FSUOGM Week 05 2023
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Issue 1213 07•February•2023 Week 06
oo early to tell
T
Time will tell how effective Western price caps on Russian oil and petroleum
product exports prove to be.
BP predicts big slide in Russian output
Analysts at BP are predicting a 42% slide in Russian oil production by the middle
of the next decade.
Europe no longer dictates Urals price
It is now the Asian and not the European market that dictates the price of
Russia's flagship Urals oil blend, Rosneft CEO Igor Sechin has said.
Shell exits Salym Petroleum
Shell has finally withdrawn from its Salym Petroleum joint venture with
Gazprom Neft.
