IEA Doubts Russia Can Sustain Oil Capacity as Exports Stay Low

Russia’s deteriorating crude and oil product exports cast doubt on the nation’s ability to support its production capacity, the International Energy Agency said in its monthly report.

“Volumes of both crude and products remained at exceptionally weak levels in June, at a five-year seasonal low,” the Paris-based agency said, adding that flows have been deteriorating throughout most of 2024 and 2025. It “raises questions about Russia’s ability to sustain its upstream production capacity,” the IEA said.