Goldman Sachs: Russia's Oil Production Is Crashing

RF has already set an anti-record.

Russia's oil industry continues to wreck like a passenger liner that has lost all its engines. The occupying country's crude oil production now stands at 9.3 million barrels per day, but is projected to decline by at least 10 percent by 2026, to 8.4 million.

The decline in Russia's production of "black gold" has been predicted by Goldman Sachs analysts, according to The Telegraph.

The Russian Federation's problems look simple and frightening: air strikes by the AFU are stopping refineries from operating, which means it is impossible to refine oil in the same volumes, leading to falling profits. Oil companies are forced to produce less raw materials, while the key tax rate for them remains the same - 17%.

The material points out that Russia has already set its own anti-record for the minimum income from the sale of all energy resources (gas, oil, coal and LNG) - 546 million euros per day. Such low figures have not been recorded since 2022.

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