Highlights Ukraine invasion affecting Russian oil output Russia redirecting crude supplies from Europe to Asia Russian deputy prime minister Alexander Novak said May 19 that after a fall of 1 million b/d in April, Russian oil production has risen by 200,000-300,000 b/d in May and will continue to increase next month, the Prime news agency reported. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Following its invasion of Ukraine and harsh sanctions imposed by the West on Russian oil producers and exporters, the country’s oil output has been significantly affected. The latest Platts survey by S&P Global Commodity Insights has found that Russia’s crude output plunged to 9.14 million b/d in April, far below its quota of 10.44 million b/d under the OPEC+ crude production agreement, which does not include condensates. If the EU bans imports of Russian oil, the country will redistribute these volumes, […]