The government revised the forecast for the production and export of hydrocarbons
The volume of oil production (including gas condensate) by Russian companies in 2026 will amount to 494.2 million tons, follows from the updated macro forecast for 2027-2029. The document is published on the website of the Ministry of Economic Development. This value is 3% lower than the previous assessment of the Agency, which is presented in the May version of the macro forecast. For comparison: oil production in 2025 was at the level of 511.4 million tons. The price of oil of the main Russian grade Urals in 2026 is fixed in the updated version of the forecast at $61/bbl. against $59/bbl. in the May version of the document.
The volume of oil production (including gas condensate) by Russian companies in 2026 will amount to 494.2 million tons, follows from the updated macro forecast for 2027-2029. The document is published on the website of the Ministry of Economic Development. This value is 3% lower than the previous assessment of the Agency, which is presented in the May version of the macro forecast. For comparison: oil production in 2025 was at the level of 511.4 million tons. The price of oil of the main Russian grade Urals in 2026 is fixed in the updated version of the forecast at $61/bbl. against $59/bbl. in the May version of the document.
