Russia Cuts Oil Production and Exports Amid Sanctions and Delivery Issues
TL;DR
Russia has significantly reduced its oil production due to difficulties in delivering crude to major buyers India and China, exacerbated by US sanctions and recent Ukrainian strikes, leading to a decline of over 100,000 barrels per day in December and a surplus of unsold oil at sea.
- Russia Slashes Oil Production Amid Delivery Problems to India and China UNITED24 Media
- Russia’s Crude Output in December Made Deep Plunge Amid US Sanctions Bloomberg.com
- Russia sharply reduces oil production as US sanctions impact export demand Новая газета Европа
- Russian crude exports fall to lowest since early 2022, hitting Putin’s coffers Українська правда
- Drone Attacks in Russia Spark Decline in Opec-Plus Output Energy Intelligence
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