The Russian deputy prime minister said that on the sidelines of the St. Petersburg International Economic Forum

As refineries return to normal operations, production will increase and return to previous levels, the Russian deputy prime minister said

The Russian deputy prime minister said that on the sidelines of the St. Petersburg International Economic Forum

Russia’s OPEC+ oil production quota for June is 9.762 mln barrels per day

The Russian deputy prime minister pointed to a large deficit on the market

Russia, for the first time, has publicly acknowledged a dip in its oil production this year, even as it assured that the country was continuously stepping up its “export…

The official stressed that the situation in the domestic fuel market remained stable

Russia's Deputy PM Novak confirms oil output has fallen since January 2026, citing unscheduled refinery repairs linked to Ukrainian drone strikes.

The Russian deputy PM emphasized that the global change in logistics chains and energy transportation capabilities made it necessary to consider the outlook for the next 5-10 years

The russian leader revealed that oil supplies to global markets had decreased by 10%

While the oil and gas component of the Russian GDP was above 40% before, the indicator is about 23% at present, the head of state noted

Russia reduced oil production by 1.5 mln barrels per day, or 15%, during the period of OPEC+ restrictions, Executive Secretary of the presidential commission on fuel and energy…

Russian Deputy Prime Minister added that such a system allows Russia to maintain fairly low prices for petroleum products