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HomeBusinessRussia faces major oil setback as 2026 output hits 17-year low

Russia faces major oil setback as 2026 output hits 17-year low

According to a government draft released today, Russia reduced its oil production projection for this year to a 17-year low and revised its fuel export forecasts for 2026 and 2027 due to the war with Ukraine. The year-end estimates, which are yet to be finalized at the end of September and used in. ..

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