Why Russia keeps pumping crude even as oil prices plummet

Date: 09-08-2015 | Category: Articles, Energy Security, Europe, Geopolitics, Russia and Eurasia

Russia – despite serious economic headwinds, and Western energy sanctions – is scrambling make sure it retains its status as a global leader in oil and gas. The persistent collapse of oil prices has been chalked up to a game of chicken between US shale producers and the Saudi-led Organization of the Petroleum Exporting Countries. But there’s a third major producer whose response to sub-$50 oil has been to keep pumping more crude. http://www.csmonitor.com/Environment/Energy/2015/0908/Why-Russia-keeps-pumping-crude-even-as-oil-prices-plummet The Christian Science Monitor September 8, 2015 By Cristina Maza, Staff writer

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