Two major Caspian Sea oil fields scheduled to come on stream this year will together produce at least 200,000 barrels of crude per day (bpd) by the end of 2016, according to industry sources and a loading schedule seen by Reuters. The production plans, for the Kashagan field in Kazakhstan’s sector and Lukoil’s Filanovsky field in the Russian sector, are the clearest sign yet that significant volumes from the projects will be going imminently on to a world market that already has a glut of supply, possibly pushing down prices. By the end of next year, according to targets previously announced by the fields’ operators, Kashagan and Filanovsky will between them produce about 500,000 bpd, equivalent to about 0.5 percent of […]