Crypto
Russia Slashes 2026 Oil Output Forecast Amid Refinery Disruptions
Russia has revised its oil production forecast for 2026 to 511 million tonnes, marking the lowest level since 2009. This adjustment represents a significant reduction from earlier projections of 525.2 million tonnes for 2026.
The revised forecast aligns with 2025's output levels and suggests a shift away from previously anticipated increases in production over the coming years.
The move comes amid reports of Russian crude output running below OPEC+ benchmarks due to disruptions in refineries and export infrastructure.
Market participants are now considering the potential implications for global oil supply and prices, with the forecast cut potentially tightening supply chains.