Russian Oil Output Drops for Sixth Month as Ukrainian Drone Strikes Target Storage and Transport
Part of composite article Ukraine Drops Missile Bombshell: New Deal with European Giant MBDA for Super Weapons & Latvia Gets Drones View full article →
Russian oil production fell for the sixth straight month in November. Ukrainian drone attacks on storage and transport facilities are disrupting operations. To offset losses, companies redirected crude to repaired Baltic and Black Sea ports. This shift lifted exports from 3.17 million to 3.64 million barrels per day. However, the tax base for extraction—the volume of oil subject to government levies—continued to shrink.