🇷🇺🇺🇦 International Energy Agency cuts forecast on Russian oil production after Ukraine attacks The International Energy Agency has lowered its forecast for Russian oil production as Ukrainian drone strikes continue to damage refineries and other energy infrastructure. The agency cut its 2026 forecast by 125,000 barrels per day to 8.7 million bpd and reduced its 2027 projection by 235,000 bpd to 8.6 million bpd. The decline comes as Moscow itself has downgraded its 2026 production forecast to a 17-year low and lowered its fuel-export projections for both 2026 and 2027 because of the war which has increasingly seen Ukraine targeting refineries and other energy production facilities inside Russia.