Report: Russian Oil Output Falls After Ukrainian Drone Strikes
In a sign of the mounting effects of Ukrainian drone strikes on the Russian energy economy, Russia's oil producers appear to have cut back output this month by as much as 400,000 barrels per day, according to Reuters. The downshift signals success for Ukraine, as the Russian military budget depends in no small part on oil revenue, and soaring crude prices have provided Moscow with a much-needed economic windfall. Compared to last year, Russia has fewer reliably safe ways to...
Continue Reading...
Loading More news