Russian Deputy Prime Minister Aleksandr Novak said on February 10 there were risks that Russia's oil production could drop in 2023, under the pressure of a European Union embargo and a G7 price cap on Russian oil, Russian news agencies reported. Russian oil production defied numerous predictions of a decline amid Western sanctions over Ukraine and rose by 2 percent last year to 535 million tons (10.7 million barrels per day) thanks to a jump in sales to Asia, especially, to India and China. To read the original story by Reuters, click here.
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