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Russia to Keep Oil Output Near Record Levels in 2015

The twin traumas of an economy-crippling oil price collapse and Western sanctions hobbling energy firms will not deflect Russia from keeping oil output near a record high this year, companies, officials and analysts say. Russia will likely continue to fend off Saudi Arabia as the world's top oil producer until a predicted longer-term output decline starts to take hold later this decade. A defiant government and giant energy firms see little impact for now from the headwinds and,...

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