Key Insights
In April 2026, Russia's oil production decreased by 300,000–400,000 barrels per day, marking the steepest monthly decline since the COVID-19 pandemic.
The IEA forecasts Russian oil output to average 8.9 million barrels per day in 2026, down from 9.2 million in 2025, due to ongoing Ukrainian attacks on energy infrastructure.
Ukrainian drone strikes have intensified, leading to full or partial shutdowns of oil processing facilities, affecting both production and export capacities.
AI Analysis
If Ukrainian drone attacks continue at the current pace, Russian oil production may decline further, potentially leading to sustained higher global oi...
Market Outlook
Short-Term
In the next 1–3 months, the market may experience increased oil prices due to reduced Russian supply. Investors should monitor global oil inventories and alternative supply sources.
Long-Term
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