NEWSWATCH: “Russian oil production reached post-Soviet high. Moody’s says profitability of Russian energy companies will be robust” – UPI

Oil Well file photo

A ratings agency assessing the profitability of Russian energy companies said oil production for September reached a post-Soviet high. … Sanctions and lower crude oil prices put pressure on the Russian economy. Moody’s said … most Russian energy companies were shielded by a look toward the domestic market and state-controlled banks. … Meeting with … Putin this week, … Medvedev said the budget was based on oil priced at around $40 per barrel.

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