Russia's Oil Output Held Steady in 2025

Russia’s crude oil production this year will remain unchanged from the previous year at some 516 million tons, Deputy Prime Minister Alexander Novak said today, adding that in 2026, oil production should rise to 525 million tons, Interfax cited the official as saying. The 2025 total is equal to around 10.36 million barrels daily, to rise to 10.54 million barrels daily in 2036, based on a conversion ratio of 7.33 barrels in a ton. The 2026 increase is about 2% on this year and will be pursued “in accordance with the socio-economic development…