Russia's crude oil output fell to its lowest level in a year in May amid a record series of Ukrainian strikes on oil refining, export, and pipeline infrastructure.

Russia is preparing to sharply reduce crude oil exports this month as mounting refinery disruptions, fuel shortages, and Ukraine’s bombing campaign force Moscow to divert more…

Russia's crude oil output fell to 8.8 million bpd in April, down 460,000 bpd year-on-year as Ukrainian drone strikes disabled over 10% of refining capacity.