The aggressor country russia has been cutting oil production for the second month in a row due to difficulties in finding buyers for raw materials. The difficulties are caused by the US sanctions that Washington imposed on the two largest oil companies in russia in 2025.
Bloomberg reported this with reference to its own sources.
The agency's unnamed interlocutors said that in January russia produced an average of 9.28 million barrels of oil per day. This is 46,000 barrels per day below the production in December 2025 and almost 300,000 barrels per day less than what the country can produce under the agreement with the Organization of the Petroleum Exporting Countries (OPEC).
Russia has been reducing oil production for two months in a row. Photo: Bloomberg.
The decline in production comes amid a continued increase in the volume of russian oil stored on tankers at sea. This indicates that moscow is having difficulty finding buyers amid growing pressure from the United States. By February, the volume of russian oil in tankers reached 143 million barrels. This is almost twice as much as a year ago.
Bloomberg writes that the decline in production poses a risk to the russian budget, which in 2025 received 23% of revenues from the sale of oil and natural gas. The decline in production also threatens moscow with a loss of global market share to other OPEC members.
As the Ukrainian News agency earlier reported, on February 4, Reuters wrote that russian oil imports to India in January this year decreased by 12%.
Not long before, US President Donald Trump said that Indian Prime Minister Narendra Modi had allegedly assured him that New Delhi would stop importing russian oil.
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