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externalReport: Russian oil production falls less than 3% compared to pre-war levels in July

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August 12, 2022 1:27 amby The Kyiv Independent news desk

International Energy Agency noted in its August report that Russian oil production was 310,000 barrels a day lower than pre-war levels, while total oil exports were down 580,000 barrels a day. The agency cites Russia’s rerouting oil to India, China, and Turkey as a way to compensate for the lower exports to Europe, the U.S., Japan and Korea. Additionally, “seasonally higher Russian domestic demand has mitigated upstream losses,” reads the report.

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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
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