VOL. XLVI
No 41
13-October-2003
RUSSIA
SUPPLY/DEMAND
Russia Unlikely To Cut Supplies Voluntarily, Says UBS
It is difficult to predict what Russia would do if prices declined and OPEC put pressure on non-OPEC producers to reduce output, but Russia would not be a willing participant in future oil cuts, according to UBS. In a UBS Investment Research report of 3 October, analysts Paul Ting, Neil Quach, Seth Buchalter and Son Vann add: Involuntary cuts due to low prices (say sub-$18/B WTI), however,...
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