Ukraine Is Taking Nearly One Million Barrels Of Oil Per Day From Russia
- 12.08.2026, 19:29
Attacks on oil refineries and tankers are putting increasing pressure on Russia's oil industry.
In July, Russia produced an average of 8.887 million barrels of oil per day, excluding gas condensate. This is nearly 937,000 barrels per day less than the OPEC+ quota of 9.824 million barrels set for the country, according to Bloomberg citing OPEC data (translation by Charter97.org).
Compared to June, Russian production also declined slightly—by approximately 6,000 barrels per day. The main factor was the virtually daily Ukrainian strikes on Russian oil infrastructure.
In the first half of July, oil refineries were the main targets of the attacks. Their output fell sharply, reaching multi-year lows, while Russian oil that could not be refined domestically was diverted for export. As a result, maritime shipments approached record levels.
In the second half of the month, the situation changed. Ukrainian attacks shifted to tankers in the Black and Azov Seas. Refineries were able to resume operations and increase processing, while crude oil exports began to decline.
“The main reason is Ukraine’s nearly daily strikes on oil infrastructure,” writes Bloomberg.
Since early August, the attacks have become even more widespread. According to the publication, 9 out of 34 major Russian refineries have already been hit, with some facilities targeted multiple times.
Novorossiysk was also attacked overnight, with three grain terminals sustaining damage.
The strikes pose additional risks to several links in the Russian oil system at once—from refining to maritime shipments. At the same time, global energy markets are already under pressure due to the conflict in the Middle East.
“Risks to Russia’s refining and export sectors persist against the backdrop of already strained global energy markets,” the authors note.
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