Russia's Economy Ministry revises down oil exports and production forecasts for 2026-27

Russia's revised forecasts for oil exports and production reflect a notable decrease, indicating potential supply constraints in the coming years.

Newsquawk StaffPublished 12 May 2026, 14:20 UTCOn the live feed at 14:00 UTC, 20 minutes before this page

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14:30

Iranian Defence Ministry spokesperson says any threat or aggression will face immediate response, Al ArabyTV reports

14:25

US NY Mayor Mamdani has abandoned plans to increase property tax as part of the revised budget

14:00

Russia's Economy Ministry revises down oil exports and production forecasts for 2026-27

13:57

White House official says Trump admin is 'fine-tuning' potential executive actions to alleviate temporary shortages in US beef market

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Maersk (MAERSKB DC) says still avoiding transit through the Strait of Hormuz

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2026 oil exports revised to 237.2mln tonnes (prev. 241.7mln tonnes).
2027 oil exports revised to 227.4mln tonnes (prev. 243.9mln tonnes).
2026 oil production revised to 511mln tonnes (prev. 525.2mln tonnes).
2027 oil production revised to 516mln tonnes (prev. 532.6mln tonnes).

Context

This reduction could tighten the global oil market, putting upward pressure on prices if demand remains stable or increases. Traders should consider the implications for WTI prices and overall energy market sentiment moving forward.

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