Russia Choking - Joe Blogs
Russias oil industry is starting to choke.
December production fell by 100,000 barrels per day compared to November and now sits around 250,000 barrels below Russias agreed OPEC target, highlighting growing strain across the sector.
Sanctions are biting harder, Ukrainian drone attacks are expanding their reach, and critical infrastructure is increasingly exposed. Refineries, pipelines and storage facilities are under pressure, while export routes remain constrained creating a dangerous imbalance between production and demand.
With storage capacity running out and oil unable to flow freely, Russia faces the risk of forced production cuts. Sustained shut-ins can cause long-term damage to oil fields, raising the prospect of lasting harm to the industry and a deeper hit to state revenues.
As oil and gas income comes under pressure, the consequences extend far beyond energy threatening the stability of Russias wider economy.
Chapters:
0:00 Intro
2:27 PRODUCTION
5:51 SANCTIONS
6:50 TANKERS
9:00 PROBLEMS