SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (43285)5/2/2005 5:35:19 PM
From: TexasTea  Read Replies (1) | Respond to of 206281
 
Russian Oil production does not confirms SLiDOB's "wall of oil"

Oil output from Russia needs to go "up" and not be "stagnate" for a "wall of supply" to hit oil markets.

Also, I am still trying to come up with a cute online saying (something like Shazam!!) for when oil breaks back ABOVE $50 (like today). I figure if SLiDOB can make a big deal out of the drop below $50, I should be able to do the same on the opposite move!

.....I didn't find a link

Russian April Oil Output

Oil output stagnated in April for a seventh consecutive month after five years of explosive growth and is likely to be around or even slightly below March figures of 9.33 million barrels per day.

Preliminary Industry and Energy Ministry data showed on Friday that daily production was fluctuating in April between as low as 1.265 million tons or 9.27 million bpd (on April 14) and as much as 1.272 million tons or 9.32 million bpd (on April 29).


Russia is likely to release the final April data next week. (Reuters)