Russia's Deputy PM Alexander Novak announced forecasted oil production of 515 million metric tons in 2026, up from 512 Mt in 2025.
The forecast equals roughly 10.3 million barrels per day, with the government aiming to boost domestic fuel supplies.
Industry sources warn imminent output cuts after Ukraine strikes cut export capacity by 1 million barrels per day, about 20% of total.
Novak declined comment on current output, referring queries to the energy ministry.