Telegraph.co.uk | Glimmers of hope for oil as Russia poised to slash output Telegraph.co.uk This amounts to a drop of 460,000 barrels a day (b/d), enough to eliminate a third of the excess supply flooding the world and potentially mark the bottom of the market. Russia is the world's biggest producer of oil, and has been exporting 7.3m b/d ... Russia could cut oil exports by 6% |