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Russia Says Oil Output Drop Is Temporary as Refineries Restart

Summary by Oil Price
The dip in Russian oil production is only temporary, as output is expected to recover once refineries come back online after unscheduled maintenance, Deputy Prime Minister Alexander Novak said on Thursday. “This is a temporary phenomenon, and, generally, oil production will increase as the refineries resume operations and the situation stabilizes,” Novak said, as carried by Russian news agency TASS. Amid the ongoing fuel crisis in Russia, author…

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Russia will reduce oil production in 2026, Deputy Prime Minister Alexander Novak said on Thursday at the Eastern Economic Forum in Vladivostok. Production results are already weaker than expected, primarily due to extraordinary works in the refineries. Novak explained that oil production was reduced due to unplanned maintenance work, as a result of which Russian refineries are not working [...] The article Moscow cuts oil production: Russian Dep…

Russia expects a slight drop in oil production in 2026 as some of the country's refineries operate below capacity due to unplanned repairs, Deputy Prime Minister Alexander Novak said at the Eastern Economic Forum in Vladivostok. However, crude oil exports remain stable and Russia's maritime export infrastructure is being used to its fullest, he assured. The latest government forecast, seen by Reuters, points to a much more serious change - produ…

The drone attacks on Russia's NPPs will affect Russia's oil production in 2026, as indicated by the Deputy Prime Minister of the Russian Government, Alexander Novak. "We are now partially experiencing a decline in production compared to the forecast, including due to the under-loading of refineries due to unplanned repairs.

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reform.news broke the news on Thursday, September 3, 2026.
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