In July production was only 310,000 barrels a day below prewar levels, IEA finds
Russian oil production has fallen by less than 3% since it invaded Ukraine with a swathe of western energy sanctions having only a “limited” effect, the International Energy Agency has found.
In its latest monthly oil report, the IEA said Russia’s oil production in July was only 310,000 barrels a day below prewar levels, while total oil exports were down by about 580,000 barrels a day.
