Russia Admits Oil Output Is Falling as Ukrainian Drone Strikes Hits Refineries

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• Free Analysis Rule Based Analysis not AI OIL Bearish 70% 6h
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Original source

Russia's crude oil production has declined since the beginning of the year as a number of local refineries are under unscheduled repairs and maintenance, Russia's Deputy Prime Minister Alexander Novak said on Thursday, in the first public acknowledgement from Moscow that its output is flailing. “Currently, Russia’s oil production is indeed lower compared to the beginning of 2026,” Novak told reporters on the sidelines of the St Petersburg International Economic Forum. “We have a number of refineries under unscheduled repairs.…

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Original article published by OilPrice.com on June 4, 2026. Analysis and insights provided by AnalystMarkets AI.

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