Continue Reading
Full article on OilPrice.com
Russian Oil Production Dips as U.S. Sanctions Bite
Market Intelligence Analysis
AI-Powered
Why This Matters
Russia's oil production has decreased due to US sanctions on top producers Rosneft and Lukoil, resulting in lower crude output and accumulated volumes in floating storage.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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, low spare storage capacity onshore, and Ukrainian drone attacks on export and refining…
Original article published by
OilPrice.com
on January 9, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.