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Russia Oil Output Hits Lowest in 2.5 Years

Bloomberg Markets •
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Russia’s crude output declined to the lowest in at least two and a half years in June as Ukraine attacked the nation’s oil infrastructure on an almost daily basis.

The near‑daily strikes have forced several refineries and export terminals to reduce runs or shut down temporarily, cutting daily production by roughly 200,000 barrels.

As a result, total Russian output has fallen below 9 million barrels per day for the first time since late 2021, straining both domestic supply and export commitments.

Moscow is attempting to reroute crude via alternative pipelines and increase storage, but the cumulative impact of the attacks continues to weigh on its ability to meet market demands.