Energy
Russia Sees 2026 Oil Output Flat as Kyiv Steps Up Drone Strikes
Oil storage facilities destroyed by a drone attack at the Tuapse oil refinery in Tuapse, Krasnodar region.
Photographer: Anatoliy Zhdanov/Kommersant Photo/Sipa/AP PhotoRussia expects its oil production to remain flat in 2026 and grow modestly in the coming two years as its energy infrastructure comes under intense drone attacks from Ukraine.
The nation’s oil producers are projected to pump about 511 million tons of crude oil and condensate this year, equivalent to roughly 10.26 million barrels a day, according to the base-case scenario in the Economy Ministry’s outlook published Tuesday. Annual output is seen edging up to 516 million tons in 2027, and 525 million tons in the following two years.