IEA's Russian oil output forecasts cut after Ukraine attacks
The agency cut its Russian supply outlook by 85,000 barrels per day this year and 150,000 bpd next year after continued refinery strikes.
- On Friday, The International Energy Agency downgraded Russian oil production projections, citing persistent Ukrainian attacks on the country's energy infrastructure.
- Ukraine has intensified drone strikes on energy facilities and refineries in recent months, aiming to stifle Moscow's war efforts by targeting critical infrastructure.
- Russia's June crude production reached 8.86 million bpd, remaining 900,000 bpd below the OPEC quota, while total crude oil exports rose to 5.8 million bpd.
- To address fuel shortages, Russia introduced a diesel export ban this week, adding to existing restrictions on gasoline and jet fuel sales.
- The IEA cut its supply outlook to average 8.8 million bpd, citing "continued strikes on refineries" as underpinning a weaker production forecast.
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11 Articles
Oil production in Russia, the third largest producer in the world, will reach 8.9 million barrels a day this year.
IEA lowers Russian oil production forecast after Ukrainian strikes IEA lowers Russian oil production forecast by 85,000 barrels per day in 2025 and by 150,000 in 2027 after Ukrainian strikes.
Fire in Russian oil refinery Ilski extinguished +++ Russia probably thwarts terrorist action against military airfield in Rostov +++ Russia reports fires in other energy facilities +++ The newsblog.
IEA Cuts Russia's Oil Production Forecast Due to Ukrainian Attacks
Russia's oil production in 2026 and 2027 is set to be lower than previously expected, due to intensified Ukrainian drone attacks on Russia's energy infrastructure, the International Energy Agency said in its monthly oil market report on Friday. Russia produced on average 9.2 million barrels per day (bpd) in 2025. The forecasts for this year and next, however, has been downgraded from previous projections as Ukraine continues to inflict damage on…
Russia's oil revenue falls, Russian oil production may decrease - Higher oil exports brought lower revenue in June.
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