Russia may cut its oil output because of low global oil prices and a lack of investment in the country’s energy industry, Deputy Prime Minister Arkady Dvorkovich said Dec. 25, Xinhua news reported. According to Dvorkovich, Russia’s oil output could shrink by 10 percent over the next two or three years. Dvorkovich predicted that oil prices would remain at the current level or keep falling for a few months before stabilizing around $80 per barrel. At the beginning of December, the Russian government revised down its forecast for next year’s oil exports by 2.19 percent.