Facebook Blogging

Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Claus Vistesen and I also have a number of country briefings and study papers available for download in PDF format. The latest are:

Bank Rossii Eases Further As Russia's Economy Contracts At A Record Rate

The ECB's Balance Sheet At A Glance.

Wednesday, July 2, 2008

Russian Oil Output Falls Again In June

Russian oil production declined in June, bringing the world's second-largest crude exporter closer to its first annual drop in output since 1998. Production fell to 9.77 million barrels a day (40 million metric tons a month), 1 percent less than in June last year, according to data released by CDU TEK, the dispatch center for the Energy Ministry. Compared with May, output was up 0.2 percent. There is increasing speculation that Russia's output may have peaked as producers struggle with ageing fields, rising costs and increasingly remote new deposits.

No comments: