Russia's Oil Industry Running Out of Room to Absorb More Shocks

Source Summary

Russia's crude oil output has declined further in the second half of 2026 due to tighter sanctions and Ukrainian attacks on refineries, ports, and tankers. Rystad Energy has revised its Russian crude production forecast to average 8.95 million barrels per day in 2026, declining to around 8.6 million bpd in 2027, representing a 90,000 bpd decrease from the previous forecast.