News Feed

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

0 min read

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.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed
Show More