US EditionRussian Oil Production Dips as U.S. Sanctions Bite
Russia's crude oil output fell over 100,000 barrels per day in December due to U.S. sanctions, Ukrainian drone strikes, and buyer reluctance, sources said.
6 Articles
6 Articles
Russia Slashes Oil Production Amid Delivery Problems to India and China
Russia has sharply reduced oil production after facing growing difficulties delivering crude to its key customers, India and China, according to Bloomberg on January 9. In December, Russian oil companies were forced to significantly cut output due to sanctions imposed by the administration of US President Donald Trump, which disrupted sales to the Kremlin’s largest buyers, Bloomberg reported, citing a source familiar with official data. Russia c…
Russian Oil Production Dips as U.S. Sanctions Bite
Russia’s crude oil production dipped to 9.326 million barrels (bpd) in December, down by over 100,000 bpd from November and nearly 250,000 bpd lower than Moscow’s OPEC+ quota, sources familiar with classified government data told Bloomberg on Friday. The fresh U.S. sanctions on Russia’s top producers Rosneft and Lukoil drove the lower crude output at the end of last year. Russian crude volumes accumulated in floating storage amid buyer hesitancy…
Russian oil production plunges in December due to U.S. sanctions, Ukraine attacks - BloombergRussian crude oil production in December suffered its biggest drop in 18 months, driven by Western sanctions and a surge in Ukrainian drone strikes on energy infrastructure.
Russia sharply reduces oil production as US sanctions impact export demand — Novaya Gazeta Europe
Russian oil companies significantly reduced their production of crude oil in December due to the impact of US sanctions on export sales, Bloomberg reported on Friday. Last month, the total amount of Russian oil extracted fell by over 100,000 barrels per day, to 9.326 million barrels, a source familiar with the official statistics, which have been classified since 2022, told Bloomberg. The drop in output is the greatest since mid-2024, when Rus…
Bloomberg writes about this. According to the sources of the publication, in December the Russian Federation produced an average of 9.326 million barrels per day, which is more than 100 thousand barrels lower than the figure in November and 250 thousand barrels lower than the volume that Russia has the right to extract under the OPEC+ agreement. The decline is explained by several factors: US sanctions against Russian oil companies and a series …
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