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Russia scales back oil production

Russia - one of the world's largest producers of crude oil - says it's slashing daily output by 500,000 barrels. It comes after trade sanctions in the wake of the war in Ukraine. So is the decision a retaliation or a retreat?

(Picture: An oil rig. Credit: Getty Images.)

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27 minutes

Last on

Fri 10 Feb 2023 22:32GMT

Broadcast

  • Fri 10 Feb 2023 22:32GMT