Russian Oil Output Fell Further in February, OPEC Data Shows
An oil pumping jack operates in an oil field near Samara, Russia.
Source: BloombergRussia’s crude output declined for a third consecutive month in February, underlining the impact of US sanctions and as Ukrainian drone strikes curb domestic oil-processing.
Russian producers pumped an average of 9.184 million barrels a day of crude oil in February, according to the monthly OPEC report published Wednesday. That’s the lowest level since last August, estimates from the Organization of the Petroleum Exporting Countries show.