Russia Oil Output Falls 460,000 Barrels Per Day in April
Russia's crude production dropped to 8.8 million barrels per day in April as drone attacks targeted energy infrastructure. Despite lower output, crude exports rose to 4.9 million barrels per day as Middle East supply disruptions attracted new buyers for Russian Urals grade oil.
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Russia crude oil production fell 460,000 barrels per day (bpd) year-on-year in April to 8.8 million bpd. The decline follows waves of drone strikes by Ukraine against Russian energy infrastructure. The International Energy Agency reported the production drop on Wednesday.
