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

by The Kyiv Independent news desk 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.

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