Dossier
upstream production
Coverage of upstream production in the Nexus archive.
- Russia’s oil exports hit wartime high
Russia’s crude oil exports averaged 3.46 million barrels a day last month, a wartime high since the 2022 Ukraine invasion. Ukrainian drone strikes on refineries and terminals halted exports of gasoline and jet fuel, increasing crude oil sales amid rising prices, though upstream production is declining and the government faces compensation costs for refinery owners.