IEA predicts decrease in Russian oil output

The largest decrease in oil output in the next six years among non-OPEC countries is expected in Russia, the Executive Director of the International Energy Agency (IEA) Fatih Birol informed at CERA WEEK in Houston.

"The largest decrease in oil output among the countries outside of OPEC is expected in Russia in the next six years, in connection with the devaluation of the ruble and the impact of sanctions," he said during the presentation of a forecast of the development of the oil industry, RIA Novosti reports.