Russia's distillate exports fell sharply in June on significantly lower crude runs amid persistent Ukrainian drone attacks on the country's refineries, tightening distillate margins in the Atlantic Basin, the International Energy Agency said Friday.

Russia managed to boost oil exports in the first half of 2026.

The IEA cut Russia's 2026 oil production forecast by 200,000 bpd to 8.95 million bpd as Ukrainian drone strikes double, hitting energy infrastructure hard.