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The Economic Times

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Ukrainian attacks push Russian oil output 10% below target in May, IEA says

Recent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude oil extraction. These targeted actions seek to undermine Russia's financing for the ongoing conflict. While production may be down, oil exports have surprisingly held steady. In response, Russia is now focusing its efforts on ensuring domestic energy needs are met.

17 Jun 2026 3:45 pm