Russian oil has fallen to a record minimum: 185 million barrels find no buyers

State of the Russian Energy Sector

According to ХВИЛЯ: The Russian energy sector is experiencing a serious decline, reflected in a significant reduction in oil production. According to reports, daily oil production in Russia has dropped to 9.326 million barrels, the worst figure in the last one and a half years. This figure is 100 thousand barrels lower than the results recorded in November, indicating further deterioration in the sector.

Trends and Risks

One of the worst trends is the accumulation of unrealized oil stocks, which has reached 185 million barrels. These stocks are stored in facilities and on ships at sea, creating serious financial risks for the country. The volume of unrealized oil has increased by 30 million barrels in the last month, underscoring the growing problem of product realization.

Moreover, the OPEC+ quota of 9.574 million barrels remains unattainable for Russian oil giants. This situation indicates the challenges faced by Russia in the oil and gas industry, which could have serious repercussions for the country's economy in the near future.

The decrease in oil production in Russia and the increase in unrealized stocks indicate significant problems in the energy sector, which may impact the country's economic stability.

Given the importance of oil for the Russian budget, these trends could lead to a reduction in government revenues and a worsening socio-economic situation. Future OPEC+ decisions may become critical for restoring production and stabilizing the market.