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"In October, Russia cut its oil output to 11.23 million barrels per day from 11.25 million bpd in September but it was still higher than a 11.17-11.18 million bpd cap set for Moscow under the existing global deal," said Reuters. "Putin told the forum that Russia’s oil production was growing slightly despite the supply curbs deal but Moscow was not aiming to be the world’s No. 1 crude producer. Currently, the United States is the world’s top oil producer."

Putin Calls U.S. Shale “Barbaric”


Russian President Vladimir Putin has some harsh words for the United States, suggesting that U.S. drillers are not acting responsibly
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