As many commentators note, a 1,2 mbpd oil output cut as agreed by OPEC may not be enough to wipe off the surplus of oil at the global markets, let alone the concerns about the discipline of the cartel members in abiding to agreed cuts ( In this regard, announced participation in the cuts by non-OPEC suppliers by 600 kbpd becomes crucial, and all eyes are on Russia in the first place, which is supposed to take the biggest share of the non-OPEC cut (300 kpbd).   Leaving aside the issue of who these “other producing countries” besides Russia will be, and the question of whether they will be willing/capable of cutting output (Kazakhstan had just introduced the giant Kashagan field onstream, Mexico is struggling with oil output decline

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About Vladimir Milov

Vladimir Milov is a Russian opposition politician, publicist, economist & energy expert. Former Deputy Minister of Energy of Russia (2002), adviser to the Minister of Energy (2001-2002), and head of strategy department at the Federal Energy Commission, the natural monopoly regulator (1999-2001). Author of major energy reform concepts, including the concept of market restructuring and unbundling of Gazprom, which was banned from implementation by President Vladimir Putin. Founder and president of the Institute of Energy Policy, a leading independent Russian energy policy think tank (since 2003). Columnist of major Russian political and business editions, including Forbes Russia, frequent commentator on Russian political and economic affairs in major Western media outlets (The New York Times, The Financial Times, The Washington Post, The Economist, etc.). Since leaving Russian Government in 2002, Mr. Milov had became a vocal public critic of Vladimir Putin’s dirigiste and authoritarian course. Mr. Milov is also active in the Russian opposition politics, serving as Chairman of the Democratic Choice opposition party, and is also known as co-author of the critical public report on Vladimir Putin’s Presidential legacy called Putin. The Results, written together with Boris Nemtsov (several editions published since 2008).