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Report: Russian oil production falls less than 3% compared to pre-war levels in July
August 12, 2022 1:27 AM
1 min read
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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.

The Kyiv Independent news desk
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