Russia's oil output falls 1 million barrels short of quota
Russia produced an average of 8.89 million barrels of oil per day in July — nearly 1 million barrels below the country's OPEC+ quota, Bloomberg reported on Aug. 12, citing the organization's monthly report.
Russia's oil output in July fell short of the OPEC+ quota by nearly 1 million barrels per day, Bloomberg reported on August 12, according to the organization's monthly data. Despite a slight increase compared to June, the country's production remains far below the target level of 9.82 million barrels per day agreed upon with OPEC+ partners.
The shortfall is primarily due to repeated attacks on Russian oil infrastructure by Ukrainian forces, with nine out of 34 major refineries affected, some having been targeted earlier in the year. Notable attacks include drones striking refineries in Perm, Ufa, Orenburg Oblast, and Sibur's ZapSibNeftekhim petrochemical complex in Tobolsk.
Ukraine's Defense Forces have also targeted Russian facilities in Crimea. The attacks have led Russia to source gasoline from foreign markets, as the impact has significantly curtailed refining capacity.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
