Bloomberg reports Russia slowed oil drilling in 2025 to the lowest level in three years, with 29,140 kilometers drilled, down 3.4 percent from 2024.
Bloomberg reports Russia slowed oil drilling in 2025 to the lowest level in three years, with 29,140 kilometers drilled, down 3.4 percent from 2024. Activity dropped about 16 percent in December. January crude output averaged 9.246 million barrels per day, 328,000 below Russia’s OPEC+ quota, as stored Urals volumes rose to around 140 million barrels.
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